M Question 13 - Ch 11 Quiz - Conn( X Course Hero X + X - C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/q... [ * Ch 11 Quiz i Saved Help Save & Exit Submit A company is considering the purchase of new equipment for $45,000. The projected annual net cash flows are $19,000. The machine has a useful life of 3 years and no salvage value. Management of the company requires a 12% return on investment. The present value of an 13 annuity of $1 for various periods follows: Period Present value of an annuity of $1 at 12% 0. 8929 WNH 1. 6901 points 2. 4018 What is the net present value of this machine (rounded to the nearest whole dollar) assuming all cash flows occur at year-end? eBook Ask Multiple Choice References O $(1,768) O $3,000 O $634 O $19,000 Mc Graw Type here to search 76F Mostly cloudy cls 11:01 AM 4/19/2023