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

Xavier Company wants to purchase an asset for $$36,800$ with a four$-$year life and a $$1,000$ salvage value. Xavier requires an $8\%$

return on investment. The expected year$-$end net cash flows are $$11,800$ in each of the four years. What is the machine's net

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

Multiple Choice

$$2,283.$

$$3,018.$

$$(3,018).$

$$(2,283).$

$$39,818.$