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A company can buy a machine that is expected to have a three-year life and a P30,000 salvage value. The machine will cost P1,800,000 and

A company can buy a machine that is expected to have a three-year life and a P30,000 salvage value. The machine will cost P1,800,000 and is expected to produce a P200,000 after-tax net income to be received at the end of each year. What is the net present value of the cash flows from the investment, discounted at 12%?

Group of answer choices

P705,391

P629,788

P583,676

P118,855

P1,918,855

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