What value of F3 would be equivalent to the payments shown in the cash flow diagram below? Assume the interest rate is 10%, compounded annually.

You can buy a machine for $100,000 that will produce a net income, after operating expenses of $10,000 per year. If you plan to keep the machine for four years, what must the market (resale) value be at the end of four years to justify the investment? You must make a 12%annual return on your investment.

F3 $50 $50 $50 $100 $100 $100