A new machine will cost $$60,000.$ The machine will provide a cost savings of

$$16,000$ per year for ten years, after which it will have a $$3,000$ salvage value. If the

required rate of return is $14\%,$ the machine's net present value is:

$$23\mathrm{.}997\mathrm{.}34$

$$(23,997\mathrm{.}34)$

$$(9,997\mathrm{.}34)$

$$9,997,34$