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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

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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 taxes of $3,200 for three years. The investment costs $46,800 and has an estimated $6,300 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.)

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