The following present value factors are provided for use in this problem Periods 1 2 3 4 Present Value of $1 at 88 0.9259 0.8573 0.7938 0.7350 Present Value of an Annuity of $1 at 88 0.9259 1.7833 2.5771 3.3121 Xavier Co. wants to purchase a machine for $37.000 with a four year life and a $1.000 salvage value. Xavier requires an 8% return on investment. The expected year-end net cash flows are $12,000 in each of the four years. What is the machine's net present value? Multiple Choice ($2745) ($3.480) $40,480 Xavier Co wants to purchase a machine for $37.000 with a four year life and a $1.000 salvage value. Xavier requires un 8% return on investment. The expected year-end net cash flows are $12,000 in each of the four years. What is the machine's net present value? Multiple Choice (52745) 153.480) $40.480 53.480 5245