The following present value factors are provided for use in this problem 27 Present Value Present Value of an Annuity of $1 at 8% .9259 1.7833 2.5771 3.3121 Periods of $1 at 8% 0.9259 0.8573 .7938 .7350 01 08 24 Xavier Co. wants to purchase a machine for $36,800 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 $11,800 in each of the four years What is the machine's net present value? Multiple Choice