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ayed below Peng Company is considering an investment expected to generate an average net income after taxes of $2.400 for three years. The investment costs

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ayed below Peng Company is considering an investment expected to generate an average net income after taxes of $2.400 for three years. The investment costs $57,300 and has an estimated $8,700 salvage value. Assume Peng requires a 5% return on its investments. Compute the net present value of this investment. Assume the company uses straight line depreciation (PV of $1. V of S1. PVA of S1, and EVA of $1 (Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign. Round your present value foctor to 4 decimals.) Select Chart Cash Flow Annual cash flow Residual value Amount x PV Factor Present Value Nel present Value

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