Sud S 23 and 24 1 Help Save & Exit Poe Company is considering the purchase of new equipment costing $81,500. The projected net cash flows are $36,500 for the first two years and $31,500 for years three and four. The revenue is to be received at the end of each year. The machine has a useful life of 4 years and no salvage value. Poe requires a 10% return on its investments. The present value of $1 and present valu of an annulty of $1 for different periods is presented below. Compute the net present value of the machine. Periods Present Value of $1 at 10% 0.9091 0.8264 0.7513 0.6830 Present Value of an Annuity of $1 at 108 0.9091 1.7355 2.4869 3.1699 2 3 4 Multiple Choice $(18,986) $(7,612) $18,986 $7,612