(Ignore Income Taxes in This Problem

(Ignore income taxes in this problem. ) Lebert, Inc. , is considering the purchase of a machine that would cost $380, 000 and would last for 7 years.At the end of 7 years, the machine would have a salvage value of $49, 000.The machine would reduce labor and other costs by $96, 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 18% on all investment projects. The net present value of the proposed project is closest to:

A) $1, 338
B) ($8, 849)
C) ($14, 048)
D) ($2, 778)