Pablo Company is considering buying a machine that will yield income of $2,000 and net cash flow of $17,300 per year for three years. The machine costs $55,500 and has an estimated $9,600 salvage value. Pablo requires a 15% return on its investments. Compute the net present value of this investment. (PV of $1, FV of $1, PVA of $1, and FVA of $1)

Note: Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign. Round your present value factor to 4 decimals.

	Net Cash Flows	x	PV Factor	=	Present Value of Net Cash Flows
Years 1-3				=	$0
				=	0
Totals				=
				=
Net present value				=