Butler Corporation is considering the purchase of new equipment costing $57,000. The projected annual after-tax net income from the equipment is $2,100, after deducting $19,000 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% 1 0.9259 2 1.7833 3 2.5771 4 3.3121 What is the net present value of the machine? Multiple Choice $6,300. $(2,623). $48,965. $57,000. $54,377.