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Pang Company is considering an investment expected to generate an average net income after taxes of $2, 900 for three years. The investment costs $52,
Pang Company is considering an investment expected to generate an average net income after taxes of $2, 900 for three years. The investment costs $52, 200 and has an estimated $9,000 salvage value. Assume Pang requires a 5% return on its investments. Compute the net present value of this investment. (FV of $1. PV of $1. FVA of S1 and PVA of S1) (Use appropriate factor(s) from the tables provided.) (Negative amounts should be indicated by a minus sign.)
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