A company is considering investing in a new machine that requires an initial investment of $62,949. The machine will generate annua! net cash flows of $24.868 for the next three years. The company uses an 8% discount rate. Compute the net present value of this investment. PV ofS1. FV ofS1, PVA of S1, and EVA of SI) (Use appropriate foctor(s) from the tobles provided. Round your present volue factor to 4 decimals.)