Poe Company is considering the purchase of new equipment costing $80,500. The projected net cash flows are $35,500 for the first two years and $30,500 for years three and four. The revenue is to be received at the end of each year. The machine has a useful life of 4 years and no salvage value. Poe requires a 10% return on its investments. The present value of $1 and present value of an annulty of $1 for different periods is presented below. Compute the net present value of the machine. Periods 1 2 3 4 Present Value of $1 at 10% 0.9091 0.8264 0.7513 0.6830 Present Value of an Annuity of $1 at 108 0.9051 1.7355 2.4869 3.1699 Muniple Choice $035,816) $5,801) $46,816 em Multiple Choice $(16,816). $(5,801). $16,816. $5,801. $24.859