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The following present value factors are provided for use in this problem. Cliff Company wants to purchase an asset for $74,000, but needs to earn

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The following present value factors are provided for use in this problem. Cliff Company wants to purchase an asset for $74,000, but needs to earn a return of 11%. The expected year-end net cash flows are $30,000 in each of the first three years, and $34,000 in the fourth year. What is the machine's net present value (round to the nearest whole dollar)? Multiple Choice 5(689) $21,707. $(689) $21,707, $95,707. $(51,604). $124,000

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