(Ignore income taxes in this problem)The management of Serpas Corporation is considering the purchase of a machine that would cost $180,000,would last for 5 years,and would have no salvage value.The machine would reduce labor and other costs by $46,000 per year.The company requires a minimum pretax return of 13% 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)The management of Serpas Corporation is considering the purchase of a machine that would cost $180,000,would last for 5 years,and would have no salvage value.The machine would reduce labor and other costs by $46,000 per year.The company requires a minimum pretax return of 13% on all investment projects.The net present value of the proposed project is closest to:

(Ignore Income Taxes in This Problem)The Management of Serpas Corporation