20.value: 6.50 points MC Qu. 94 The following present value... The following present value factors are provided for use in this problem.

Periods Present value of 1 at 11% Present value of an annuity of 1 at 11% 1 0.9009 0.9009 2 0.8116 1.7125 3 0.7312 2.4437 4 0.6587 3.1024

Cliff Co. wants to purchase a machine for $52,000, but needs to earn an 11% return. The expected year-end net cash flows are $19,000 in each of the first three years, and $23,000 in the fourth year. What is the machine's net present value (round to the nearest whole dollar)? $(5,570). $9,580. $61,580. $(36,850). $80,000. References Multiple ChoiceDifficulty: 3 Hard MC Qu. 94 The following present value...Learning Objective: 25-P3 Compute net present value and describe its use.