Butler Corporation is considering the purchase of new equipment costing $90,000. The projected annual income from the equipment is $3,200, after deducting $30,000 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 12% 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 $90,000. $72,054. $(10,260). $3,200. $79,740