Vextra Corporation is considering the purchase of new equipment costing $38,000. The projected annual cash inflow is $11,600, 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	12 Percent
1	0.8929
2	1.6901
3	2.4018
4	3.0373

What is the net present value of the machine (rounded to the nearest whole dollar)?

$(35,233).

$(2,767).

$38,000.

$(3,700).

$5,233.