TNT IS CONSIDERING BUYING A NEW MACHINE FOR $620,000. THE MACHINE HAS AN EIGHT YEAR LIFE. THE MACHINE WILL HELP TNT SAVE $104,000/YEAR. TNT WILL SELL AN OLD MACHINE FOR $52,000. THE SALE WILL TAKE PLACE ON THE SAME DAY THE NEW MACHINE IS BOUGHT. THE OLD MACHINE HAS A NBV = 22,000. TWO YEARS REMAIN ON THE OLD MACHINE'S DEPRECIABLE LIFE. THE NEW MACHINE WILL REQUIRE AN OVERHAUL IN YEAR 5 = $25,000. TNT HAS A 21% TAX RATE. WHAT IS THE NET PRESENT VALUE OF THE INVESTMENT USING A 6% DISCOUNT RATE? 15526 17968 22203 22644 28802