Please show work, the correct answer is 53170 but I don't understand how to get there.

8. Co. is considering an investment in a new product line. To make the product, company the would need to equipment. The cost of the equipment and other relevant information is provided acquire new below: $800,000 Purchase price of machinery with a 6-year life $80,000 Salvage of new machinery at end of 6 years $210,000 Annual cash savings Discount rate 14% Calculate the project's net present value. A. $16,627 $96,627 $53,170 D. ($63,373)