(Ignore Income Taxes in This Problem

(Ignore income taxes in this problem.) Dowlen,Inc.,is considering the purchase of a machine that would cost $150,000 and would last for 6 years.At the end of 6 years,the machine would have a salvage value of $23,000.The machine would reduce labor and other costs by $36,000 per year.Additional working capital of $6,000 would be needed immediately.All of this working capital would be recovered at the end of the life of the machine.The company requires a minimum pretax return of 12% on all investment projects.The net present value of the proposed project is closest to:

A) $9,657
B) $(2,004)
C) $6,699
D) $13,223