Bayside is considering the idea of purchasing a machine for $12,820. After estimating costs and revenues, the company projects a net cash inflow from the machine of $2,700 annually for 7 years. Bayside hopes to earn a return of 9% on such investments. Should Bayside purchase the machine?

Group of answer choices

a. No because the net present value is $768.97.

b. No because the net present value is $(6,575.99).

c. Yes because the net present value is $13,588.97.

d. Yes because the net present value is $768.97.

e. Yes because the net present value is $6,575.99.

TABLE 4 Present Value of an Annuity of 1