TB MC Qu. 24-106 (Algo) The following present value factors are provided...

The following present value factors are provided for use in this problem.

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

Cliff Company wants to purchase an asset for $78,000, but needs to earn a return of 10%. The expected year-end net cash flows are $31,000 in each of the first three years, and $35,000 in the fourth year. What is the machine's net present value (round to the nearest whole dollar)?

Multiple Choice

• $(906).

• $22,999.

• $100,999.

• $(54,095).

• $128,000.