A new asset is expected to provide service over the next four years. It will cost $520,000, generates annual cash inflows of $156,000, and requires cash operating expenses of $30,000 each year. In addition, a $10,000 overhaul will be needed in year 3. FV of 1 Period (i = 9%) 1 1.090 2 1.188 3 1.295 4 1.412 FV of a series of $1 cash flows (i = 9%) 1.000 2.090 3.278 4.573 PV of $1 (i = 9%) 0.917 0.842 0.772 0.708 PV of a series of $1 cash flows (i = 9%) 0.917 1.759 2.531 3.240 If the company requires a 9% rate of return, the net present value of this machine would be: Multiple Choice $(119,480), and the machine meets the company's rate-of-return requirement. $(119,480), and the machine does not meet the company's rate-of-return requirement. $(121,760), and the machine does not meet the company's rate-of-return requirement. $(143,850), and the machine meets the company's rate-of-return requirement None of the answers is correct