The management of Consumers Mfg. would like to purchase a specialized production machine for $45,000. The machine is expected to last three years, with a salvage value of $8,000. Annual maintenance costs will total $10,000, and annual labor and material savings are predicted to be $30,000. The company's required rate of return in 15%. Find the NPV of this investment.

$2,443

$5,925

$4,885

$9,771