MC Qu. 89 Butler Corporation is considering... Butler Corporation is considering the purchase of new equipment costing $66,000. The projected annual after-tax net Income from the equipment is $2,400, after deducting $22,000 for depreclation. The revenue Is to be recelved at the end of each year. The machine has a useful life of 3 years and no salvage value. Butler requires a 10% return on its investments. The present value of an annuity of 1 for different periods foaows 10 Percent 0.9091 1.7355 2.4869 3.1699 Periods 2 3 What is the net present value of the machine? O $7200. O $66,000 O $54,712 O $60,680 O $(5,320)