Sandhill Manufacturing is considering the purchase of a new sewing machine that costs $18000. The machine, because of its efficiency, will save about $3920 in cost each year. The machine is expected to have a salvage value of $2940 and a life of 6 years. Sandhill's required rate of return is 14%. Click here to view the factor table. Using the present value tables, what is the machine's net present value? (round to the nearest dollar)

$23520

$1339

$15060

$-1417