Poe Company is considering the purchase of new equipment costing $87,000. The projected net cash flows are $42,000 for the first two years and $37,000 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 an annuity of $1 and present value of an annulty for different periods is presented below. Compute the net present value of the machine. Periods 1 2 3 4 Present value Present value of an of $1 at 109 Annuity of $1 at 105 0.9091 0.9091 0.8264 1.7355 0.7513 2.4869 0.6830 3.1699 Multiple Choice 517572 572573 $10.9201