contestada

the management of penfold corporation is considering the purchase of a machine that would cost $330,000, would last for 6 years, and would have no salvage value. the machine would reduce labor and other costs by $65,000 per year. the company requires a minimum pretax return of 9% on all investment projects. click here to view exhibit 14b-1 and exhibit 14b-2, to determine the appropriate discount factor(s) using the tables provided. the net present value of the proposed project is closest to (ignore income taxes.)