(Ignore income taxes in this problem.) Stutz Company purchased a machine with an estimated useful life of seven years. The machine will generate cash inflows of $11,200 each year over the next seven years. If the machine has no salvage value at the end of seven years, if Stutz's discount rate is 12%, and if the net present value of this investment is $23,000, then the purchase price of the machine was: (Round your 'PV factors' to three decimal places. Round your other intermediate calculations and final answer to the nearest whole dollar.) (Use Exhibitllb-1, Exhibitl1b-2) O$21,983 O $51,117 O $23,000 O $28.17