Butler Corporation is considering the purchase of new equipment costing $87,000. The projected annual after tax net Income from the equipment is 53.100 after deducting $29,000 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 1 2 3 8 0.9259 1.7833 2.5771 3.3121 4 What is the net present value of the machine? Multiple Choice $9,300 $82725 $87000 54.275) O $74736