The following present value factors are provided for use in this problem. Xavier Company wants to purchase an asset 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 (round to the nearest whole dollar)? Present Value Periods 1 of $1 at 8% Present Value of an Annuity of $1 at 8% 0.9259 0.9259 2 3 0.8573 0.7938 1.7833 2.5771 4 0.7350 3.3121 Multiple Choice $12,052) $2,052 $2.861 $39.561. . $12,861)