One of X Company's production machines was badly damaged recently. Unfortunately, the machine was purchased just three years earlier for $50,000. The company must either repair the machine or purchase a new machine. The estimated cost of repairing the machine is $22,000, after which operating costs will be $64,000 a year. It will also require a maintenance check in the second year that is estimated to cost $3,500. A new machine will cost $84,000, but it will be more efficient than the repaired machine, with annual operating cost savings of $13,000. Both the repaired machine and the new machine will last for five years, at which time the repaired one would be worthless, and new one would be worth $6,500. If it is not repaired, the damaged machine can be sold immediately for $6,000, Assuming a discount rate of 7%, what is the net present value of repairing the damaged machine instead of buying the new machine? (Use the present value tables in the Coursepack.] A: 5-4,990 B: $-6,238 OC: 5-7,797 OD: 5-9,746 OE: $-12,183 F: $-15,228