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The following present value factors are provided for use in this problem. ...

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Accounting

The following present value factors are provided for use in this problem.

Periods Present Value of $1 at 8% Present Value of an Annuity of $1 at 8%
1 0.9259 0.9259
2 0.8573 1.7833
3 0.7938 2.5771
4 0.7350 3.3121

Xavier Co. wants to purchase a machine for $37,600 with a four year life and a $1,000 salvage value. Xavier requires an 8% return on investment. The expected year-end net cash flows are $12,600 in each of the four years. What is the machine's net present value?

Multiple Choice

  • $(4,132).

  • $42,467.

  • $4,867.

  • $(4,867).

  • $4,132.

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