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	12%
1	0.8929
2	1.6901
3	2.4018
4	3.0373

What is the net present value of the machine?

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 A WN 12% 0.8929 1.6901 2.4018 3.0373 What is the net present value of the machine? Multiple Choice $5,536. $38,500. $(2,964) $(3,800). $(35,536)