Accounting 2 Multiple Choice

The following present value factors are provided for use in this problem, Periods 1 2 3 Present value of 51 at 110 0.9009 0.8116 0.7312 0.6587 Present value of an Annuity of $1 at 111 0.9009 1.7125 2.4437 3.1024 Cliff Co wants to purchase a machine for $62,000, but needs to earn a 17% return. The expected year end net cash flows are $24,000 in each of the first three years, and $28,000 in the fourth year What is the machine's net present value? (Round Intermediate answer to the nearest whole dollar) Multiple Choice $(43,556) O O $77,093. O $100,000 O $(3,351). O $15,093