Question #34 of 92 A company is considering the purchase of new equipment for $45,000. The projected annual net cash flows are $19,000. The machine has a useful life of 3 years and no salvage value Management or the company requires a 12% return on investment. The present value of an annuity of 1 for various periods follows: Period Present value of an annuity of 1 at 12% 0.8929 What is the net present value of this machine assuming all cash flows occur at year-end? SA-E A$634 $45,634 $3,000 $(1,768) $19,000