(Ignore income taxes in this problem. )Clairmont Corporation is considering the purchase of a machine that would cost $150, 000 and would last for 5 years.At the end of 5 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 $37, 000.The company requires a minimum pretax return of 12% on all investment projects. The net present value of the proposed project is closest to:

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The Answer of (Ignore income taxes in this problem. )Clairmont Corporation is considering the purchase of a machine that would cost $150, 000 and would last for 5 years.At the end of 5 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 $37, 000.The company requires a minimum pretax return of 12% on all investment projects. The net present value of the proposed project is closest to:

(Ignore Income Taxes in This Problem