Renewable Company is analyzing a special investment project. The project will require the purchase of two machines for $40,000 and $5,000 (both machines are required). The total residual value at the end of the project is $1,500. The project will generate cash inflows of $15,000 per year over its 12 - year life. If the company requires a 6% return, what is the net present value (NPV) of this project? Present Value of $1 Period 4% 6% 8% 6 0.790 0.705 0.630 8 0.731 0.627 0.540 10 0.676 0.558 0.463 12 0.625 0.497 0.397 Present Value of Annuity of $1 Periods 4% 6% 8% 6 5.242 4.917 4623 B 6.733 6.210 5.747 10 8.111 7360 6.710 12 9,385 8.384 7.536 A $81,506 B$36.255 C. $37,511 OD 580,760