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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 net income after
Required information [The following information applies to the questions displayed below.] Peng Company is considering an investment expected to generate an average net income after taxes of \\( \\$ 2,000 \\) for three years. The investment costs \\( \\$ 48,900 \\) and has an estimated \\( \\$ 6,600 \\) 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, P V A \\) 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.)
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