Butler Corporation is considering the purchase of new equipment costing $42,000. The projected annual after-tax net income from the equipment is $1,600, after deducting $14,000 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 8% return on its investments. The present value of an annuity of 1 for different periods follows: Periods 8 Percent 1 0.9259 2 1.7833 3 2.5771 4 3.3121 What is the net present value of the machine? $4,800. $42,000. $36,079. $(1,797). $40,203.