Periods	Present value of $1 at 9%	Present value of an Annuity of $1 at 9%
1	0.9174	0.9174
2	0.8417	1.7591
3	0.7722	2.5313
4	0.7084	3.2397

Cliff Co. wants to purchase a machine for $82,000, but needs to earn a(n) 9% return. The expected year-end net cash flows are $32,000 in each of the first three years, and $36,000 in the fourth year. What is the machine's net present value? (Round intermediate answer to the nearest whole dollar.)

Multiple Choice

$(998).

$24,504.

$106,504.

$(56,498).

$132,000.

Present value of $1 at 9% 9.9174 0.8417 0.7722 0.7884 Present value of an Annuity of $1 at 9% 8.9174 1.7591 2.5313 3.2397 Periods Cliff Co wants o purchase a machine for $82,000, but needs to earn an 9% et value? (Round intermediate answer to the neerest whole doller.) The expected yea end net cas o s are s32.000 n each orne st ree years, and S 0 in the ourt year w t she a nesne present Multiple Choice $/998) $24.504. $106.504 $(56,499) $132000