A company is considering the purchase of new equipment for $72,000. The projected annual net cash flows are $28,900. The machine has a useful life of 3 years and no salvage value. Management of the company requires a 9% return on investment. The present value of an annuity of $1 for various periods follows: Period 1. Present value of an annuity of $1 at 9% 0.9174 2 3 1.7591 2.5313 What is the net present value of this machine (rounded to the nearest whole dollar) assuming all cash flows occur at year-end?