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A company is considering investing in a new machine that requires an initial investment of $51,849. The machine will generate annual net cash flows of

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A company is considering investing in a new machine that requires an initial investment of $51,849. The machine will generate annual net cash flows of $20,483 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 S1. PVA of \$1, and EVA of \$1) (Use appropriate factor(s) from the tables provided. Round your present value factor to 4 decimals.)

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