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Business, 27.07.2021 19:30 jaxondbagley

Vextra Corporation is considering the purchase of new equipment costing $35,000. The projected annual cash inflow is $11,000, 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

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

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