Paragas, Inc., is considering the purchase of a machine that would cost S370,000 and would last for 8 years. At the end of 8 years, the machine would have a salvage value of $52,000. The machine would reduce labor and other costs by $96,000 per year. Additional working capital of $4,000 would be needed immediately. All of this working capital would be recovered at the end of the life of the machine. The company requiresa minimum pretax return of 19% on all investment projects. (Ignore income taxes.) Click here to view Exhibit 12B-1 and Exhibit 128-2, to determine the appropriate discount factoris) using the tables provided. The net present value of the proposed project is closest to: Multiple Choice $9,584 $78,530 $22,532 $19,528