The management of Penfold Corporation is considering the purchase of a machine that would cost $420,000, would last for 10 years, and would have no salvage value. The machine would reduce labor and other costs by $70,000 per year. The company requires a minimum pretax return of 13% on all investment projects. Click here to view Exhibit 138.1 and Exhibit 138-2 to determine the appropriate discount factor(s) using the tables provided. The net present value of the proposed project is closest to (ignore income taxes): (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Multiple Choice $(51,980) $(180) $(28.380) $140.180) 25 Next