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Pharoah Enterprises is considering investing in a new packing machine. The new machine will provide annual cash operating inflows of $13776 for 5 years. The

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Pharoah Enterprises is considering investing in a new packing machine. The new machine will provide annual cash operating inflows of $13776 for 5 years. The cost of the machine is $47376 and it can be sold at the end of its 5-year useful life for $7616. Pharoah's required rate of return is 10%. Periods Interest rate Factor 5 10% 0.6209 10% 1.6105 Type of cash flow PV of $1 FV of $1 PV ordinary annuity FV ordinary annuity PV annuity due UT 5 10% 3.7908 UT 5 10% 6.1051 Un 10% 4.1699 What is the machine's net present value? (round to the nearest dollar) O ($117) $18505 $13893

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