A company is considering the purchase of new equipment for $66,000. The projected annual net cash flows are $26700. The machine has a set life 013 years and no salvage value. Management of the company requires a 1 % return on investment. The present value of an annuity of $1 for various periods follows: Present value of an uity of $1 at 10% Period 0.9091 1.7355 2.4869 What is the net present value of this machine assuming all cash flows occur at year-end? Multiple Choice $3,700 $25.700 24 of 30 Next > $3,700 $25,700 $22,000 $63,913 $400 Prey24 0