Clifford Company

Present Value Present Value of an Periods of $1 at 12% Annuity of $1 at 12% 1 0.8929 0.8929 2 D.T9?2 1.6901 3 0.?'113 2.4018 :1 0.6355 3.03?3 Cliff Co. wants to purchase a machine for $10000, but needs to earn an 12% return. The expected year-end net cash ows are $23,000 in each of the first three years, and $32,000 in the fourth year. What is the machine's net present value? Multiple Choice 0 H2350]. 0 $1?,536. $3158 5. $116,000. 0 0 $919,554}. 0