A company is considering investing in a new machine that requires an initial investment of $45,899. The machine will generate annual net cash flows of $18,457 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.) Present Value of Net Cash Flows x PV Factor Net Cash Flows Years 1-3 Net present value