X Corporation is considering buying a new $9,000 machine. The projected annual after-tax net income from the machine is $500, after deducting $3,000 for depreciation. The revenue is to be received at the end of each year. The machine has a useful life of 3 years and no salvage value. X considers 12% return on an investment satisfactory. 12% 12% Present Value Present Value Periods of $1 of an Annuity of $1 1 2 3 0.8929 0.7972 0.7117 0.8929 1.6901 2.4018 What is the net present value (NPV) of the machine investment? A B. C. D. E. $ (7,799) $ (594) 1,201 $ 8,406 $ 9,000