Pristine Products is considering the purchase of a new machine. The estimated cost of the machine is $45,000. The machine is expected to generate annual cash inflows for the next four years as follows: 
The machine is not expected to have a residual value at the end of its useful life. If the company uses a discount rate of 15%, what is the expected net present value of the machine? (ignore taxes)
Definitions:
Non-dischargeable Debts
Debts that cannot be eliminated through bankruptcy, including most taxes, student loans, alimony, and child support.
Student Loans
Borrowed money that is used to pay for educational expenses and must be repaid with interest.
Means Test
A method used to determine an individual's eligibility for certain types of financial aid or social services, based on their income and assets.
Bankruptcy Provisions
Legal clauses and rules that outline the process and consequences of declaring bankruptcy, including the discharge of debts and the liquidation of assets.
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