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

Cliff Company wants to purchase an asset for $$58,000,$ but needs to earn a return of $8\%.$ The expected year$-$end net cash flows are $$22,000$ in each of

the first three years, and $$26,000$ in the fourth year. The machine is expected to have no salvage value at the end of it's useful life. What is the machine's

net present value $($round to the nearest whole dollar$)?$

Multiple Choice

$$(1,304)$

$17806$

$75806$

$(38890)$

$92000$