A company can buy a machine that is expected to have a three-year life and a $40,000 salvage value. The machine will cost $1,840,000 and is expected to produce a $210,000 after-tax net income to be received at the end of each year. If a table of present values of $1 at 12% shows values of 0.8929 for one year, 0.7972 for two years, and 0.7118 for three years, what is the net present value of the cash flows from the investment, discounted at 12%? Multiple Choice $134,011 $605,030 $645,732 $723,249 0 $1,974,011 Poe Company is considering the purchase of new equipment costing $88,000. The projected annual cash inflows are $38,200, to be received at the end of each year. The machine has a useful life of 4 years and no salvage value. Poe requires a 10% return on its investments. The present value of $1 and present value of an annuity of $1 for different periods is presented below. Compute the net present value of the machine. Periods WNPN Present Value of $1 at 10% 0.9091 0.8264 0.7513 0.6830 Present Value of an Annuity of $1 at 10% 0.9091 1.7355 2.4869 3.1699 Multiple Choice $51,352 0 $19,384. $19,384. $(33,090). $33,090. $(19,384)