Poe Company is considering the purchase of new equipment costing $87,500. The projected annual cash inflows are $37,700, 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 of $1 for different periods are presented below. Compute the net present value of the machine (rounded to the nearest whole dollar).

Periods	Present Value of $1 at 10%	Present Value of an Annuity of $1 at 10%
1	0.9091	0.9091
2	0.8264	1.7355
3	0.7513	2.4869
4	0.6830	3.1699

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