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Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.] Peng Company is considering an

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Required information Use the following information for the Quick Study below. [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 $51,300 and has an estimated $11,100 salvage value QS 25-8 Net present value LO P3 Assume Peng requires a 15% return on its investments. Compute the net present value of this investme 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 sig Select Chart Amount X PV Factor Present Value Cash Flow Annual cash flow Residual value 0 0 Net present value

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