Part 1: Following is information on an investment in a manufacturing machine. The machine has zero salvage value. The company requires a 6% return from its investments.

Compute this machines 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.)

Part 2: Assume that instead of a zero salvage value, as shown above, the machine has a salvage value of $23,500 at the end of its three-year life. Compute the 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.)

InitialinvestmentNetcashflows:Year1Year2Year3$(340,000)125,000132,000117,000