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Butler Corporation is considering the purchase of new equipment costing $ 3 3 , 0 0 0 . The projected annual income from the equipment

Butler Corporation is considering the purchase of new equipment costing $33,000. The projected annual income from the equipment is $1,300, after deducting $11,000 for depreciation. The revenue is to be received at the end of each year. The machine has a useful life of 3 years and no salvage value. Butler requires a 11% return on its investments. The present value of an annuity of $1 for different periods follows:
Periods 11%
10.9009
21.7125
32.4437
43.1024
What is the net present value of the machine (rounded to the nearest whole dollar)?
Multiple Choice Options:
A)26,881
B)-2,942
C)33,000
D)30,058
E)1,300

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