Management at Paladrome Productions is considering the purchase of a machine that would cost $$150,000$ and would last for $5$ years. At the end of $5$ years, the machine would have a salvage value of $$18,000.$ By reducing labor and other operating costs, the machine would provide annual cost savings of $$39,000.$ The company requires a minimum pretax return of $13\%$ on all investment projects. $($Ignore income taxes.$)$

Click here to view Exhibit $14$B$-1$ and Exhibit $14$B$-2,$ to determine the appropriate discount factor$($s$)$ using the tables provided.

The net present value of the proposed project is closest to: $($Round your intermediate calculations and final answer to the nearest whole dollar amount.$)$