T16he management of Urbine Corporation is considering the purchase of a machine that would cost $350,000 would last for 5 years, and would have no salvage value. The machine would reduce labor and other costs by $82,000 per year. The company requires a minimum pretax return of 12% on all investment projects. (Ignore income taxes in this problem.)

Click here to view Exhibit 13B-1 and Exhibit 13B-2 to determine the appropriate discount factor(s) using tables.

The net present value of the proposed project is closest to: (Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount.)

$65,730

$43,050

$34,390

$54,390