The management of Penfold Corporation is considering the purchase of a machine that would cost $330,000, would last for 7 years, and would have no salvage value. The machine would reduce labor and other costs by $63,000 per year. The company requires a minimum pretax return of 11% 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 $(33,144) $(8,144)