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Vextra Corporation is considering the purchase of new equipment costing $37,500. The projected annual cash inflow is $11,500, to be received at the end of

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Vextra Corporation is considering the purchase of new equipment costing $37,500. The projected annual cash inflow is $11,500, to be received at the end of each year. The machine has a useful Iife of 4 years and no salvage value. Vectra requires a 12% return on its investments. The present value of an annuity of $1 for different perlods follows Periods 12 Percent 0.8929 1.6901 2.4018 3.0373 What is the net present value of the machine (rounded to the nearest whole dollan? O $(34.929) O $(3.600), O $37500 O $4.929 o $(2.571)

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