A company is considering investing in a new machine that requires a cash payment of $49,947 today. The machine will generate annual cash flows of $20,084 for the next three years. Assume the company uses an 6% discount rate. Compute the net present value of this investment. (FV of $1, PV of $1, FVA of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign.)

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Cash Flow	Select Chart	Amount	x	PV Factor	=	Present Value
Annual cash flow					=
	Net present value