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Required information The following information applies to the questions displayed below.J Peng Company is considering an investment expected to generate an average net income after

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Required information The following information applies to the questions displayed below.J Peng Company is considering an investment expected to generate an average net income after taxes of $2,200 for three years. The investment costs $54,000 and has an estimated $8,700 salvage value. Assume Peng requires a 15% 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.) Cash Flow Annual cash flow Present Value of 1 Residual value Present Value of an Annuity of 1 Select Chart Amount PV FactorPresent Value Immediate cash outflows Present value of cash inflows Net present value

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