Upper Darby Park Department is considering a new capital investment. The follo

Upper Darby Park Department is considering a new capital investment. The following information is available on the investment. The cost of the machine will be
$150000. The annual cost savings if the new machine is acquired will be $40000. The machine will have a five-year life at which time the terminal disposal
value is expected to be $20000. Upper Darby Park Department is assuming no tax consequences. If Upper Darby Park Department has a required rate of return of
10% which of the following is closest to the present value of the project?