Tangen Corporation is considering the purchase of a machine that would cost $382,000 and would last for 6 years. At the end of 6 years, the machine would have a salvage value of $81,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $104,200. The company requires a minimum pretax return of 14% on all investment projects. The net present value of the proposed project is closest to: Click here to view Exhibit 8B-1 and Exhibit 8B-2 to determine the appropriate discount factor(s) using tables. $13,702 $104,234 $60,170 $23,234