Question $12$ of $16$

Sunshine Co$.$ is investing in a new machine. The machine will generate net annual cash flows of $$20,000$ for five years. The machine costs $$70,000$ and will be depreciated down to zero over five years per year$).$ If Sunshine's interest rate is $8\%,$ what is the present value of the expected cash INFLOWS assuming an income tax rate of $30\%?$

Select an answer:

$95026$

$55898$

$79854$

$72667$