The management of Penfold Corporation is considering the purchase of a machine that would cost $350,000, would last for 5 years, and would have no salvage value. The machine would reduce labor and other costs by $82,000 per year. The company requires a minimum pretax return of 12% on all investment projects.

Click here to view Exhibit 7B-1 and Exhibit 7B-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.) $(54,390) $(34,390) $(65,730) $(43,050)

correct option