Poe Company is considering the purchase of new equipment costing $81,500. The projected annual cash inflows are $31,700, 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 an annuity of 1 and present value of an annuity for different periods is presented below. Compute the net present value of the machine. $(18,986). $7.612. $(7,612). $35.899. $18,986