nnect.ht nit 4 Exam-Ch 23&24 Help Seve & Eait Buter Corporation is considering the purchase of new equpment costing $60000. The projected annual afher-tax net income rom the equipment is $2.200. after deducting $20000 for depreciaton The revenue is to be received at the end of each year. The machine has a useful life of 3 years and ro sdage value. Bute, reques a 12% reun on its mestments The present value ofar' arruity of $1 for diferent perods follows 18 1.6901 2.4818 What is the net present value of the machne? 53 320 3 0