Vancouver Valve and Tube is considering purchasing a new pipe bending machine. Similar pipe bending machines have yearly cash flows of $12,000 and useful lives of 4 years. After some research, Vancouver has determined it would have to earn a 14% rate of return which equates to an annuity factor of 2.9137. Considering Vancouver uses the internal rate of return method to evaluate capital projects, what is the most Vancouver could pay for this machine? $34,964.40 $41,184.75 $47,233.89 $29,492.14