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	$	(360,000	)
Expected net cash flows in:
Year 1		135,000
Year 2		106,000
Year 3		83,000

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 3% Present Value Year 1 Year 2 Year 3 Totals Amount invested Net present value