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	$	(360,000	)
Expected net cash flows in year:
1		165,000
2		94,000
3		117,000

Assume that instead of a zero salvage value, as shown above, the investment has a salvage value of $31,000. 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