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Interior Products c s evaluating the purchase o a new machine o use ts manufactur ng process The nev machine would cost $40 000 and have a useful life of 6 years A he end o he machina's it would have a residual valua o S2 800 ual cost sav from the new machine would be $12.000 per year for each of the 6 years of its life. Interior Products, Inc. has a minimum required rate of return of 16% on all new projects. The net present value of the new machine would be closest to: (Round any intermediary calculations and your final answer to the nearest dollar) EE (Click the icon to view the present value of $1 table.) EEB (Click the icon to view the present value of annuity of $1 table.) Data Table Present Value af of $1 OA. $47.168. Periods BS8,316 . $7,168 O D. $1,148 14% 3.433 889 4.288 16% 3.274 3.685 4.039 18% 3.127 498 Print Done Present Value of $1 Periods 14% 0.519 0 456 0.400 16% 476 0.410 0.354 18% 0.4 0.314