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Peng Company is considering an investment expected to generate an average net income after taxes of $3,300 for three years. The investment costs $58,200 and

Peng Company is considering an investment expected to generate an average net income after taxes of $3,300 for three years. The investment costs $58,200 and has an estimated $9,300 salvage value. Assume Peng requires a 5% return on its investments. Compute the net present value of this Investment. Assume the company uses straight-line depreciation. (PV of $1. EV of $1. PVA of $1 and EVA of S1) (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.) Cash Flow Annual cash flow Residual value Select Chart Amount X PV Factor Present Value 0 0 Net present value

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