Following is information on an investment in a manufacturing machine. The machine has zero salvage value. The company requires a 12% return from its investments.

Initial investment	$ (200,000)
Net cash flows:
Year 1	100,000
Year 2	90,000
Year 3	75,000

Compute this machines 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.)

Part 2 of the Same Question

Assume that instead of a zero salvage value, as shown above, the machine has a salvage value of $20,000 at the end of its three-year life. Compute the machines 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.)

Net Cash Flow Present Value Factor Present Value of Net Cash Flows Year 1 Year 2 Year 3 Totals Initial investment Net present value Net Cash Flows Present Value Present Value of Net Factor Cash Flows Year 1 Year 2 Year 3 Year 3 salvage value Totals Initial investment Net present value