X Company is considering the purchase of a new machine. T'he new machine would reduce the amu o part-time la- bor, at a cost savings of5,S00 per year. Tn addition, the new machine would allow the company to produce a new product, resulting in the sale of 1,150 units with a contribution margin of $1.00 per unit. The new machine would cost $21,000, last for 6 years, and have a salvage value of 83,000. Assuming a discount rate of 5%, what is the net present value of the new machine Tries 0/3