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The following present value factors are provided for use in this problem. Periods Present Value of $ 1 at 8 % Present Value of an

The following present value factors are provided for use in this problem.
Periods Present Value of $1 at 8% Present Value of an Annuity of $1 at 8%
10.92590.9259
20.85731.7833
30.79382.5771
40.73503.3121
Xavier Company wants to purchase an asset for $36,100 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 $11,100 in each of the four years. What is the machine's net present value (round to the nearest whole dollar)?
Multiple Choice
$1,473.
$664.
$(1,473).
$(664).
$37,573.

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