Peng Company is considering an investment expected to generate an average net income after taxes of $2,800 for three years. The investment costs $51,600 and has an estimated $7,800 salvage value. Assume Peng requires a 10% return on its investments. Compute the net present value of this investment. (FV of $1, PV of $1, FVA of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.)(Negative amounts should be indicated by a minus sign.)
cash flow	select chart	amount	x	PV Factor	=	Present value
Annual cash flow			x		=	$
Residual value			x		=	$
	Net present value