Following is information on an investment considered by Hudson Co. The investment has zero salvage value. The company requires a 9% return from its investments.

Investment A1

Initial investment

$

(240,000

)

Expected net cash flows in year:

1

120,000

2

108,000

3

95,000

Assume that instead of a zero salvage value, as shown above, the investment has a salvage value of $27,000. Compute the investment's net present value. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round all present value factors to 4 decimal places.)

	Cash Flow	Present Value of 1 at 9%	Present Value
Year 1
Year 2
Year 3
Totals
Amount invested
Net present value