The management of Consumers Mfg.would like to purchase a specialized production machine for $95,000.The machine is expected to last three years, with a salvage value of $5,000. Annual maintenance costs will total $12,000, and annual labor and material savings are predicted to be $55,000. The company's required rate of return in 15%. Find the NPV of this investment.

A $6,466

B $1,406

C $2,811

D $5,623