Peng Company is considering an investment expected to generate an average net income after taxes of $3,300 for three years. The investment costs $56,100 and has an estimated $7,500 salvage value. Assume Peng requires a 5% 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	Present Value of an Annuity of 1	?	X	2.7232		?
Residual value	Present Value of 1	$ 7,500	X	0.8638	=	$ 6,479
	Present value of cash inflows					?
	Immediate cash outflows					?
	Net present value					?

*? are blanks that need answers