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Vextra Corporation is considering the purchase of new equipment costing $38,500. The projected annual cash inflow is $11,700, to be received at the end of

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Vextra Corporation is considering the purchase of new equipment costing $38,500. The projected annual cash inflow is $11,700, to be received at the end of each year. The machine has a useful life of 4 years and no salvage value. Vextra requires a 12% return on its investments. The present value of an annuity of $1 for different periods follows: Periods 1 2 3 12% 0.8929 1.6901 2.4018 3.0373 4 What is the net present value of the machine? Multiple Choice O $(35.536). $3.800) O $38,500. O $5.536. O O $12.964)

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