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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 $$51,600$ and has an estimated $$9,900$ 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 $$1,$ FV of $$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.$)$