nts work iz/Test Altrax Manufacturing is considering the purchase of a new machine to use in its packing department. The new machine will have an initial cost of $160,000, a useful life of 14 years and a $14,000 residual value. Altrax will realize 515,300 in annual savings for each of the machine's 14-year useful life. Given the company's 5% required rate of return, the new machine will have a net present value (NPV) of Present Value of $1 Periods 3 5% 10 0.744 0676 0.614 11 0.722 0.650 0.585 12 0.701 0.625 0.557 13 0.681 0.601 0.530 14 0.561 0.577 0.505 15 0.642 0 555 0.481 OA ($150.525) OB ($15,615) OC (51,475) D. (83,645) 14 15 0.661 0.642 0.577 0.555 0.505 0.481 est Present Value of Annuity of $1 Periods 3% 10 8.530 11 9.253 12 9.954 13 10.635 14 11.296 15 11.938 4% 8.111 8.760 9.385 9.986 10.563 11.118 5% 7.722 8.306 8.863 9.394 9.899 10.380