Butler Corporation is considering the purchase of new equipment

costing $$51,000.$ The projected annual after$-$tax net income from the

equipment is $$1,900,$ after deducting $$17,000$ 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

$10\%$ return on its investments. The present value of an annuity of $1$

for different periods follows: Periods $10$ Percent $10\mathrm{.}909121\mathrm{.}7355$

$32\mathrm{.}486943\mathrm{.}1699$ What is the net present value of the machine?