A company can buy a machine that is expected to have a three year life and a $31,00" salvage value.

A company can buy a machine that is expected to have a three-year life and a $31.000 salvage value. The machine will cost $1,804.000 and is expected to produce a $201,000 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 year present value of the cash flows from the investment, discounted at 12%? s, and 0.7118 for three years, what is the net Multiple Choice $120,370 $585,811 $631,382 $707,177 $1,924,370