Assume that a company is considering purchasing a machine for

$$50,000$ that will have a five$-$year useful life and a $$5,000$ salvage

value. The machine will lower operating costs by $$17,500$ per year.

The company$$s required rate of return is $16\%.$ The net present value

of this investment is closest to:

Click here to view$$Exhibit $14$B$-1$and$$Exhibit $14$B$-2,$

to determine the appropriate discount factor$($s$)$ using the tables

provided.$$Multiple Choice$$7,295.$$$12,065.$$$23,125.$$$9,675.$