Sibble Corporation is considering the purchase of a machine that would cost $410,000 and would last for 5 years. At the end of 5 years, the machine would have a salvage value of $58,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $85,000. The company requires a minimum pretax return of 12% on all investment projects. The net present value of the proposed project is closest to:

A)-$70,683

B)-$45,575

C)-$103,575

D)-$48,195