10 pts Question 24 Company X is considering investing in a machine that costs $1,100. The machine will be used for 3 years and has no expected residual value. The expected cash inflows from the machine are: Year 1 $240 Year 2 $780 Year 3 $412 Company X's discount rate is 12%. What is the net present value of the machine? Present Value of $1 Periods 1096 12% 14% 16% 1 0.909 0.893 0.877 0.862 2 0.826 0.797 0.769 0.743 3 0.751 0.712 0.675 0.641 4 0.683 0.636 0.592 0.552 5 0.621 0.567 0.519 0.476 Present Value of Annuity of $1 Periods 10% 1296 14% 16% 1 0.909 0.893 0.877 0.862 2 1.736 1.690 1.647 1.605 3 2.487 2.402 2.322 2.246 4 3,170 3.037 2.914 2.798 5 3.791 3.605 3.433 3.274