Daniels Corporation is considering the purchase of new equipment costing $30,000. The projected $10,000 for annual after-tax net income from the equipment is $1, 200, after deducting 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. Daniels requires a 12% return investments. The present value of an annuity of 1 for different periods follow: What is the net present value of the machine? A) $24, 018. B) $(3, 100). C) $30,000. D) $26, 900. E) $(29, 520)