The Pan American Bottling Co. is considering the purchase of a new machine that would increase the speed of botting and save money. The net cost of this machine is $57,000. The annual cash flows have the following projections. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods Year Cash Flow $24,000 25,000 28,000 16,000 9,000 3 4 a. If the cost of capital is 8 percent, what is the net present value of selecting a new machine? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Net present value