The Whitton Company uses a discount rate of 16%. The company has an opportunity to buy a machine now for $18,000 that will yield cash inflows of $10,000 per year for each of the next three years. The machine would have no salvage value. The nest present value of this machine to the nearest whole dollar is:
A. $22,460
B. $4,460
C. ($9,980)
D. $12,000