abled: Unit Test 4 - Chapters 10 & 11 Help Save & Exit The following present value factors are provided for use in this problem Periods 1 2 3 4 Present Value of $1 at 8% 8.9259 0.8573 0.7938 0.7350 Present Value of an Annuity of $1 at 8% 0.9259 1.7833 2.5771 3.3121 Cliff Co. wants to purchase a machine for $40,000, but needs to earn a return of 8%. The expected year-end net cash flows are $12,000 in each of the first three years, and $16,000 in the fourth year. What is the machine's net present value? Multiple Choice $19.075) Activate Wind LUNU seluledWlockdown led Unit Test 4 - Chapters 10 & 11 Multiple choice Help Save & Ex su 519,075) $2,685 $42,685 $(28,240). $52,000