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A company is considering investing in a new machine that requires a cash payment of exist60, 949 today. The machine will generate annual cash flows

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A company is considering investing in a new machine that requires a cash payment of exist60, 949 today. The machine will generate annual cash flows of exist25, 376 for the next three years. Assume the company uses an 8% discount rate. Compute the net present value of this investment. (FV of exist1, PV of exist1, FVA of exist1 and PVA of exist1) (Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign.)

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