A company is considering the purchase of a machine costing \(\$ 90,000\). The annual net cash flow from the machine is \(\$ 33,600\). Assume cash flows are received at each year-end, and the machine has a useful life of three years with zero salvage value. Management requires a \(12 \%\) return on its investments. What is the net present value of this machine?

a. \(\$ 60,444\)

b. \(\$ 80,700\)

c. \(\$(88,560)\)

d. \(\$ 90,000\)

e. \(\$(9,300)\)