Edgar Company is considering the purchase of new equipment costing $80,000. The projected net cash flows are $35,000 for the first two years and $30,000 for years three and four. The revenue is to be received at the end of each year. The machine has a useful life of 4 years and no salvage value. Edgar requires a 10% return on its investments. The present value of an annuity of 1 and present value of an annuity for different periods is presented below. Compute the net present value of the machine. 

Present Value Present Value of an Periods of $1 at 10% Annuity of $1 at 10% 0.9091 0.9091 0.8264 1.7355 0.7513 2.4869 0.6830 3.1699 1234