(Ignore income taxes in this problem.) Your Corporation is considering the acquisition of equipment that has a useful life of 3 years with no salvage value. The discount rate is 10%. Use the following information about the incremental net cash flows What is the net present value of the investment? Initial investment $525,000 Incremental net cash flows year 1 $285,000 Incremental net cash flows year 2 $180,000 Incremental net cash flows year 3 $168,000 $ 8,913 ($9,573) $ 5,333 $38,483