The management of Penfold Corporation is considering the purchase of a machine that would cost $400,000, would last for 10 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 13% on all Investment projects. Click here to view Exhibit 138-1 and Exhib/t130:2 to determine the appropriate discount factors using the tables provided The net present value of the proposed project is closest to ignore income taxes. Round your intermediate calculations and final answer to the nearest whole dollar amount.)