(Ignore Income Taxes in This Problem

(Ignore income taxes in this problem.) Nevland Corporation is considering the purchase of a machine that would cost $130,000 and would last for 6 years.At the end of 6 years,the machine would have a salvage value of $18,000.By reducing labor and other operating costs,the machine would provide annual cost savings of $44,000.The company requires a minimum pretax return of 19% on all investment projects.The net present value of the proposed project is closest to:

A) $38,040
B) $26,376
C) $74,902
D) $20,040