A company is considering the purchase of new equipment for $93,000. The of 3 years and no salvage value. Management periods follows projected annual net cash flows are $36,600. The machine has a useful life of the company requires a 8% return on investment. The present value of an annuity of $1 for various value of an Period annaity ot $1 at 8 0.9259 7833 2.5771 What is the net present value of this machine assuming all cash lows occur at year-end? Mutiple Choice $31,000 $4,600 $1.322 $35.600