The following present value factors are provided for use in this problem Present Value Present Value of an Periods of $1 at 8 Annuity of $1 at 8 1 0.9259 0.9259 2 0.8573 1.7833 3 0.7938 2.5771 4 0.7350 3.3121 M. Robinson Co. wants to purchase a machine for $36,600 with a four year life and a $1,200 salvage value. M. Robinson requires an 8% return on investment. The expected year-end net cash flows are $11,600 in each of the four years. What is the machine's net present value? Multiple Choice $1,820 $39,302