The management of Urbine 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. (Ignore Income taxes in this problem.) Use Excel or a financial calculator to solve The net present value of the proposed project is closest to