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Pablo Company is considering buying a machine that will yield income of $2,900 and net cash flow of $19,000 per year for three years.

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Pablo Company is considering buying a machine that will yield income of $2,900 and net cash flow of $19,000 per year for three years. The machine costs $56,400 and has an estimated $8,100 salvage value. Pablo requires a 10% return on its investments. Compute the net present value of this investment. (PV of $1. EV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign. Round your present value factor to 4 decimals.) Present Value of Net Cash Flows X PV Factor Net Cash Flows Years 1-31 Totals Net present value

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