The management of Kunkel Company is considering the purchase of a $36,000 machine that would reduce operating costs by $8,500 per year. At the end of the machine's five-year useful life, it will have zero scrap value. The company's required rate of return is 13%. Click here to view Exhibit 8B-1 and Exhibit 88-2, to determine the appropriate discount factor(s) using table. Required: 1. Determine the net present value of the investment in the machine. between the total, undiscounted cash inflows and cash outlows over the entire life of the machine? (Any cash outflows should be indicated by a minus sign.) Item Cash Flow Years Total c Flows Annual cost savings Intiai investment Net cash flow