XHIBIT 7B-1 resent Value of $1;(1+r)n1 The management of Kunkel Company is considering the purchase of a $39.000 mach ine that would reduce operating costs by $9.000 per year. At the end of the machine's five-year useful life, it will have zero salvage value. The company's required rate of return is 11% Cick here to view Exhbit 781 and Exhibit 78.2, to cetermine the appropriate discount factor(s) using table. Required: 1. Determine the net present value of the investment in the machine 2. What is the difference between the total, undiscounted cash intlows and cash outflows over the entire life of the machine? Complete this question by entering your answers in the tabs below. Determune the net preserit value of the investment in the machine. Note: Negative amouns should be indicated by a minus sign. Round your final answer to the nearest whole dollar amount. Use the approprlace table to determine the disoount factor(s). r1[1(1+r)n1]