Mendez Gaming Company has an opportunity to purchase a pinball machine. The machine is expected to produce a net cash inflow of $2,000 per year for 5 years and to have a $1,600 salvage value at the end of the machine's useful life. Assuming an ordinary annuity and a 5% required rate of return, the present value of the machine is (Use the PV of $1 and PVA of $1 tables) (Round intermediate and final answer to the nearest whole dollar.) Multiple Choice $9,913. $8,659. $7,405. None of the answers is correct