Question 9 Barents, inc., is considering the purchase of a machine that would cost $625,000 and would last for 16 years, at the end of which, the machine would have a salvage value of $2,500. The machine would reduce labor and other costs by $82,000 per year, while adding $39,100 in depreciation expense. Additional working capital of $20,000 would be needed immediately, all of which would be recovered at the end of 16 years. The company requires a minimum pretax return of 10% on all investment projects. Required: termine the net present value of the project. Show your work