Please help me solve this question. Here is the complete question below.

2. The management of Urbine Corporation is considering the purchase of a machine that would cost $300,000 would last for 6 years, and would have no salvage value. The machine would reduce labor and other costs by $60,000 per year. The company requires a minimum pretax return of 12% on all Investment projects. (Ignore Income taxes In this problem.) Use Excel or a financial calculator to solve. The net present value of the proposed project is closest to: O -$79,704 -$53,340 O -$1,340 -$26,976