A company is considering investing in a new machine that requires a cash payment of $47,947 today. The machine will generate annual cash flows of $21,000 for the next three years. Assume the company...

A company is considering investing in a new machine that requires a cash payment of $47,947 today. The

machine will generate annual cash flows of $21,000 for the next three years. Assume the company uses

an 8% discount rate. Compute the net present value of this investment. (Round your answer to the nearest

dollar.)