The following present value factors are provided for use in this problem Periods 1 2 3 4 Present Value of $1 at 8% 0.9259 0.8573 0.7938 0.7350 Present Value of an Annuity of $1 at 8% 0.9259 1.7833 2.5771 3.3121 Xavier Co. wants to purchase a machine for $36,900 with a four year life and a $1,200 salvage value Xavier requires an 8 return on investment. The expected year-end net cash flows are $11.900 in each of the four years. What is the machine's net present value