question 15

QS 24-15 (Algo) Net present value of an annuity LO P3 A company is considering investing in a new machine that requires an initial Investment of $61,949. The machine will generate annual net cash flows of $24,911 for the next three years. The company uses an 7% discount rate. Compute the net present value of this Investment. (PV or $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your present value factor to 4 decimals.) Net Cash Flow PV Factor Prenant Value of Not Cash Flows Years 1-3 0 Net present value