The management of Penfold Corporation is considering the purchase of a machine that would cost $270,000 would last for 5 years, and would have no salvage value. The machine would reduce labor and other costs by $60,000 per year. The company requires a minimum pretax return of 12% on at investment projects. Click here to view Exhibit 128-1 and Exhibit 129-2. to determine the appropriate discount factors using the tables provided The net present value of the proposed project is closest to ignore income taxes 2 Multiple Choice $1269.997 O $(53.700) $(11,700 M Proy 1 of 10 III Next >