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XYZ Corporation is considering the purchase of a machine tha…

XYZ Corporation is considering the purchase of a machine that would cost $160,000 and would last for 5 years. At the end of 5 years, the machine would have a salvage value of $19,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $36,000. The company requires a minimum pretax return of 8% on all investment projects. (Ignore income taxes.) The net present value of the proposed project is closest to: (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Present Value of $1; 1 ( 1 + r ) n             Periods 4% 5% 6% 7% 8% 9% 10% 11% 12% 1 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.901 0.893 2 0.925 0.907 0.89 0.873 0.857 0.842 0.826 0.812 0.797 3 0.889 0.864 0.84 0.816 0.794 0.772 0.751 0.731 0.712 4 0.855 0.823 0.792 0.763 0.735 0.708 0.683 0.659 0.636 5 0.822 0.784 0.747 0.713 0.681 0.65 0.621 0.593 0.567 6 0.79 0.746 0.705 0.666 0.63 0.596 0.564 0.535 0.507 7 0.76 0.711 0.665 0.623 0.583 0.547 0.513 0.482 0.452 Present Value of an Annuity of $1 in Arrears; 1 r [ 1 – 1 ( 1 + r ) n ]     Periods 4% 5% 6% 7% 8% 9% 10% 11% 12% 1 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.901 0.893 2 1.886 1.859 1.833 1.808 1.783 1.759 1.736 1.713 1.69 3 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.444 2.402 4 3.63 3.546 3.465 3.387 3.312 3.24 3.17 3.102 3.037 5 4.452 4.329 4.212 4.1 3.993 3.89 3.791 3.696 3.605 6 5.242 5.076 4.917 4.767 4.623 4.486 4.355 4.231 4.111 7 6.002 5.786 5.582 5.389 5.206 5.033 4.868 4.712 4.564