Peng Company is considering an investment expected to generate an average net income after taxes of $2,500 for three years. The investment costs $54,600 and has an estimated $9,300 salvage value.

Assume Peng requires a 10% return on its investments. Compute the net present value of this investment. Assume the company uses straight-line depreciation. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign.)