Dynamic - Problem and answer changes with each attempt (consider an Excel solution) Monet, Incorporated, is considering the purchase of a machine that would cost $581,743 and would last for 6 years, at the end of which, the machine would have a salvage value of $64,117. The machine would reduce labor and other costs by $119,621 per year. Additional working capital of $12,122 would be needed immediately, all of which would be recovered at the end of 6 years. The company requires a minimum pretax return of 0.11 on all investment projects. (Ignore income taxes.) Click here to view Exhibit 14B-1 and Exhibit 14B-2 , to determine the appropriate discount factor(s) using the tables provided. or Use Excel NPV formula. Required: Determine the net present value of the project. (Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to the nearest whole dollar amount.) EXHIBIT 14B-1 Present Value of $1;(1+r)n1 EXHIBIT 14B-2 Present Value of an Annuity of $1 in Arrears; r1[1(1+r)n1]