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% 1 0.9259 0.9259 2 0.8573 1.7833 3 0.7938 2.5771 4 0.7350 3.3121 Cliff Co. wants to purchase a machine for $48,000, but needs to earn an 8% return. The expected year-end net cash flows are $17,000 in each of the first three years, and $21,000 in the fourth year. What is the machine's net present value (round to the nearest whole dollar)? $(4,189). $11,246. $59,246. $(32,565). $72,000.