(LO 10) Poe Company is considering the purchase of new equipment costing $87000 The projected net cash flows are $42000 for the first two years and $37000 for years three and four. The revenue is to be received at the end o each year. The machine has a useful life of 4 years and no salvage value P e requ es a 10% return on its investments The present value o s and esert al e ci a n ay to d eet periods is presented below Compute the net present value of the machine Present Value of an Annuity of $1 at 18% 9.9091 1:7355 24869 3.1699 Presen riod of $1 at 10% 0.9091 8.8264 8.7513 0.6838 2 Multiple Choice $(30.920). (17573) $30,920 517.573