The management of Kunkel Company is considering the purchase of a $35,000 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 salvage value. The company's required rate of return is 16%. Click here to view and to determine the appropriate discount factor(s) using table. Required: 1. Determine the net present value of the investment in the machine. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Compute the net present value of Project Y. (Negative amounts should be indicated by a minus sign. Round your final answer to the nearest whole dollar amount.) EXHIBIT 12B-1 PresentValueofS1;(1+r)n1 EXHIBIT 12B-2 Present Value of an Annuity of $1 in Arrears; 1/r(1(1/(1+r)n))