TB Problem Qu. 14-156 (Algo) Joanette, Incorporated, is considering the purchase... Joanette, Incorporated, is considering the purchase of a machine that would cost $430,000 and would last for 5 years, at the end of which, the machine would have a salvage value of $43,000. The machine would reduce labor and other costs by $103,000 per year. Additional working capital of $5,000 would be needed immediately, all of which would be recovered at the end of 5 years. The company requires a minimum pretax return of 11% on all investment projects. (Ignore income taxes.) Click here to view Exhibit 148-1 and Exhibit 148-2, to determine the appropriate discount factor(s) using the tables provided. Required: Determine the net present value of the project. (Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to the nearest whole dollar amount.) YWHIETT 147-1 Froset Yalen of 51,(1+r)21 FXIAIMT 141-2 Present Value of an Annuity of $1 in Arrears r1[1=(1+r)1]