The following present value factors are provided for use in this problem. Present Value Periods 1 of $1 at 8% Present Value of an Annuity of $1 at 8% 0.9259 0.9259 2 0.8573 1.7833 3 0.7938 2.5771 4 0.7350 3.3121 Xavier Co. wants to purchase a machine for $36,700 with a four year life and a $1,100 salvage value. Xavier requires an 8% return on investment. The expected year-end net cash flows are $11,700 in each of the four years. What is the machine's net present value? Multiple Choice $39,561. $(2,861). $(2,052)