Butler corporation is considering the purchase of new equipment costing $$54,0U.$ I he projected

annual income from the equipment is $$2,000,$ after deducting $$18,000$ 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 $9\%$ return on its investments. The present value of an annuity of $$1$

for different periods follows:

What is the net present value of the machine $($rounded to the nearest whole dollar$)?$

Multiple Choice

$$(3,374).$

$$50,626.$

$$2,000.$

$$54,000.$

$$45,563.$