Following is information on an investment in a manufacturing machine. The machine has zero salvage value. The company requires a 3% return from its investments. Initial investment Net cash flows: Year 1 Year 2 Year 3 $ (220,000) 115,000 132,000 79,000 QS 24-19 (Algo) Net present value with unequal cash flows LO P3 Compute this machine'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. Round present value amounts to the nearest dollar.) Answer is complete but not entirely correct. Net Cash Present Value Flow Factor Present Value of Net Cash Flows Year 1 Year 2 $ 115,000 1.0600 $ 108,491 132,000 1.8334 117,480 Year 3 79,000 3.1836 66,328 Totals Initial investment Net present value $ 326,000 $ 292,299 33,701 $ 258,598 Following is information on an investment in a manufacturing machine. The machine has zero salvage value. The company requires a 3% return from its investments. Initial investment Net cash flows: Year 1 Year 2 Year 3 $ (220,000) 115,000 132,000 79,000 QS 24-20 (Algo) Net present value with uneven cash flows and salvage value LO P3 Assume that instead of a zero salvage value, as shown above, the machine has a salvage value of $31,000 at the end of its three-year life. Compute the machine's net present value. (PV of $1. EV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round all present value factors to 4 decimal places. Round present value amounts to the nearest dollar.) Year 11 Year 2 Year 31 Year 3 salvage value Totals Initial investment Net present value Net Cash Flows Present Value Factor Present Value of Net Cash Flows $ 0 $ 0 $ 0