ABC Company is considering the purchase of new equipment costing $44,000. The projected annual cash inflow is $12,800, to be received at the end of each year, The machine has a useful life of 4 years and no salvage value. ABC Company requires a 12% return on its investments. The present value of an annuity of $1 for different periods follows: Periods 1 2 12% 0.8929 1.6901 2.4018 3.0373 3 4 What is the net present value (NPV) of the machine? Multiple Choice $(2,300).