Poe Company Is Considering the Purchase of New Equipment Costing

Poe Company is considering the purchase of new equipment costing $80,000. The projected annual cash inflows are $30,200, 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 value of an annuity of $1 for different periods is presented below. Compute the net present value of the machine. $$\begin{array} { c c c } \text { Periods } & \text { Present Value } & \text { Presert Value of arl } \\ & \text { of } \$ 1 \text { at } 10 \% & \text { Annuity of } \$ 1 \text { at } 10 \% \\1 & 0.9091 & 0.9091 \\2 & 0.8264 & 1.7355 \\3 & 0.7514 & 2.4869 \\4& 0.6830 & 3.1699\end{array}$$

A) $(15,731) .
B) $(4,896) .
C) $15,731.
D) $4,896.
E) $32,334.