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[The following information applies to the questions displayed below.] Following is information on an investment considered by Hudson Co. The investment has zero salvage value. The company requires a 9% return from its investments.

	Investment A1
Initial investment	$	(360,000	)
Expected net cash flows in year:
1		140,000
2		122,000
3		101,000

Assume that instead of a zero salvage value, as shown above, the investment has a salvage value of $32,500. Compute the investment'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.)

	Cash Flow	Present Value of 1 at 9%	Present Value
Year 1
Year 2
Year 3
Totals	$0		$0
Amount invested
Net present value			$0