A company is considering investing in a new machine that requires an initial investment of $59,949. The machine will generate annual net cash flows of $26,256 for the next three years. The company uses an 8% discount rate. Compute the net present value of this investment. (PV of \$1, FV of \$1, PVA of \$1, and FVA of \$1) (Use appropriate factor(s) from the tables provided. Round your present value factor to 4 decimals.)