Following is information on an investment considered by Hudson Co. The investment has zero salvage value. The company requires a 3% return from its investments.

	Investment A1
Initial investment	$	(290,000	)
Expected net cash flows in year:
1		135,000
2		118,000
3		111,000

Assume that instead of a zero salvage value, as shown above, the investment has a salvage value of $29,500. 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 3%	Present Value
Year 1
Year 2
Year 3
Totals
Amount invested
Net present value