TB MC Qu$.14-132($Algo$)$ Almendarez Corporation is considering the purchase...

Almendarez Corporation is considering the purchase of a machine that would cost $$510,000$ and would last for $7$ years. At the end of $7$ years, the machine would have a salvage value of $$60,500.$ By reducing labor and other operating costs, the machine would provide annual cost savings of $$114,750.$ The company requires a min$$mum pretax return of $18\%$ on all Investment projects. $($Ignore Income taxes.$)$

Click here to view Exhibit $14$B$-1$ and Exhibit $14$B$-2,$ to determine the appropriate discount factor$($s$)$ using the tables provided.

The net present value of the proposed project is closest to: $($Round your Intermedlate calculatlons and final answer to the nearest whole dollar amount.$)$

Multiple Cholce

$$(53,576)$

$$64,232$

$$(29,518)$

$$(131,434)$