Bob Inc. is considering the purchase of new equipment costing $30,000. The projected annual after-tax net income from the equipment is $1,200, after deducting $10,000 for depreciation. The revenue is to be received at the end of each year. The machine has a useful life of three years and a $4,000 salvage value. Bob requires a 12% return on its investments. Use the present value tables in your book or the sheet handed out to you. What is the net present value of the machine and what is the maximum Bob would have been willing to pay for it? $900 but Bob would not be willing to acquire the machine. $1251.52) but the price Bob would pay cannot be determined. $1251.52) but Both would not pay any amount to acquire the machine because the NPV is negative. O $1251.52) and Bob would be willing to pay $29,748.48 for the machine. $900 and Bob would be willing to pay $30,900 to acquire the machine