Assume Peng requires a 10% return on its investments. Compute the net present value of this investment. Assume the company uses straight-line depreciation. (PV of $1, FV of $1, PVA of $1, and EVA of $1)

Help Save & Exit Submit Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.) Peng Company is considering an investment expected to generate an average net income after taxes of $2,300 for three years. The investment costs $55,500 and has an estimated $9,600 salvage value. QS 24-8 Net present value LO P3 Assume Peng requires a 10% return on its investments. Compute the net present value of this investment. Assume the company uses straight-line depreciation. (PV of $1. FV of $1. PVA of $1, and FVA of $11 (Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign.) Cash Flow Annual cash flow Residual value Select Chart Amount X PV Factor - Present Value Present Value of an Annuity $ 17,600 $ 0 of 1 Present Value of 1 $ 9,600 x 0 Present value of cash inflows Immediate cash outflows 55,500 Not present value