28. Vextra Corporation is considering the purchase of new equipment costing $41,500. The projected annual cash inflow is $12,300, to be received at the end of each year. The machine has a useful life of 4 years and no salvage value. Vextra requires a 12% return on its investments. The present value of an annuity of $1 for different periods follows:

Periods	12%
1	0.8929
2	1.6901
3	2.4018
4	3.0373

What is the net present value of the machine?

Multiple Choice

• a. $41,500.

• b. $7,359.

• c. $(4,141).

• d. $(37,359).

• e. $(2,800).