North Pine Partners is considering the purchase of a machine…
North Pine Partners is considering the purchase of a machine that would cost $240,000 and would last for 10 years. At the end of 10 years, the machine would have a salvage value of $21,500. 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 10% on all investment projects. (Ignore income taxes.) Please use PV tables to complete this problem. The net present value of the proposed project is closest to: Note: please format your response rounded to the nearest whole dollar and please place dollar signs inside parentheses; i.e., $0,000 or ($0,000)