37] Vextra Corporation is considering the purchase of new equipment costing $39,000. The projected annual cash inflow is $11,800, 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 Percent
1	0.8929
2	1.6901
3	2.4018
4	3.0373

What is the net present value of the machine (rounded to the nearest whole dollar)?

$(35,840).

$(3,900).

$39,000.

$5,840.

$(3,160).