Required information

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Following is information on an investment in a

manufacturing machine. The machine has zero salvage

value. The company requires a $6\%$ return from its

investments.

Assume that instead of a zero salvage value, as shown above, the

machine has a salvage value of $$29,000$ at the end of its three$-$year

life. Compute the machine'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. Round

present value amounts to the nearest dollar.$)$