Following is information on an investment in a manufacturing machine. The machine has zero salvage value. The company requires a 9% return from its investments.

Initial investment	$ (300,000)
Net cash flows:
Year 1	135,000
Year 2	102,000
Year 3	113,000

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.)

	Net Cash Flow	Present Value Factor	Present Value of Net Cash Flows
Year 1
Year 2
Year 3
Totals	$0		$0
Initial investment
Net present value			$0