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

$\backslash$table$[[,$Present Value,Present Value of an$],[$Periods of $$1$ at $12\%,$Annuity of $$1$ at $12\%,],[1,0\mathrm{.}8929,0\mathrm{.}8929],[2,0\mathrm{.}7972,1\mathrm{.}6901],[3,0\mathrm{.}7118,2\mathrm{.}4018],[4,0\mathrm{.}6355,3\mathrm{.}0373]]$

Cliff Company wants to purchase an asset for $$60,000,$ but needs to earn a return of $12\%.$ The expected year$-$end net cash flows are $$23,000$ in each of the first three years, and $$27,000$ in the fourth year. The machine is expected to have no salvage value at the end of it's useful life. What is the machine's net present value $($round to the nearest whole dollar$)?$

Multiple Choice

$$(4,759).$

$$ $$96,000.$

$$12,400.$

$$(42,841).$

$$ $$72,400$