A company is considering investing in a new machine that requires an initial investment of $50,947. The machine will generate annual net cash flows of $20,127 for the next three years. The company uses an 7% discount rate. Compute the net present value of this investment. (PV of S1. FV of \$1, PVA of S1, and FVA of \$1) (Use appropriate factor(s) from the tables provided. Round your present value factor to 4 decimals.)