Porus, Corp. is considering the purchase of a machine that would cost $120,000 and would last for 5 years. At the end of 5 years, the machine would have a salvage value of $23,000. The machine would reduce costs by $36,000 per year. The company requires a minimum return of 13% on all investment projects. The net present value of the project is closest to: (factors from Exhibit 12B-1 and Exhibit 12B-2 for an interest rate of 13% are provided below): Periods Present Value of $1 0.885 0.783 0.693 0.613 0.543 Present Value of an Annuity of $1 0.885 1.668 2.361 2.974 3.517 Multiple Choice $28811 $(12936) $18720 Scoth Corp is contemplating purchasing equipment that would increase sales revenues by $296,000 per year and cash operating expenses by $130,000 per year. The equipment would cost $640,000 and have a 5 year life with a $70,000 salvage value. The annual depreciation would be $120,000. Assuming the company's discount rate is 12%, the net present value of the investment is closest to the factors below for a 12% discount rate can be used to solve this problem): Periods Present Value of $1 2 3 0.893 0.797 0.712 0.636 0.567 Present Value of an Annuity of $1 0.893 1.690 2.402 3.037 3.605 Multiple Choice O $(1880) O $236000 O $27600