(LO 10) Poe Company is considering the purchase of new equipment costing $86,500. The projected net cash flows are $41,500 for the first two years and $36.500 for years three and four. The revenue 36 is to be received at the end of each year. The machine has a useful life of 4 years and no salvage value. Poe requires a 10% return on its investments. The present value of $1 and present value of an annuity of $1 for different periods is presented below. Compute the net present value of the machine. Present Value Present Value of an 02-14:59 Periods of $1 at 10% Annuity of $1 at 10% 1 0.9091 0. 9091 0.8264 1.7355 0. 7513 2. 4869 0.6830 3.1699