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( Required information [ The following information applies to the questions displayed below. ] Peng Company is considering an investment expected to generate an average

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Peng Company is considering an investment expected to generate an average net income after taxes of $2,300 for three years. The investment costs $59,700 and has an estimated $8,100 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 $1)(Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign.
Round your present value factor to 4 decimals.)
\table[[Cash Flow,Select Chart,Amount,x,PV Factor,=,Present Value],[Annual cash flow,Present Value of an Annuity of 1,19,500,x,,=,$
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