is considering the purchase of new equipment for $57.000. The projected annual net cash flows are $22,400. The machine has a usefu ife of ement of the company requires a 8% return on investment. The present value of an annuity of 1 for various periods 3 years and no salvage value. Manag follows: Present value of an annuity of $1 at 8% 0.9259 1.7833 2.5771 What is the net present value of this machine assuming all cash flows occur at year-end? Multiple Choice $5727 $3,400 $22.400 O $77 S727 2.5771 What is the net present value of this machine assuming all cash flows occur at year-end? 57,727 $3,400 $22,400 O $727 $77 $727 K Prev2 of 12Next>