Saved Help Following is information on an investment considered by Hudson Co. The investment has zero salvage value. The company requires a 3% return from its investments. Investment al $(280,000) Initial investment Expected net cash flows in year 1 2 3 160,000 138,000 93,000 Assume that instead of a zero salvage value, as shown above, the investment has a salvage value of $21,500. Compute the Investment'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.) Cash Flow Present Value of 1 at 3% Present Value Year 1 Year 2 Year 3 Totals Amount invested Not present value Heels, a shoe manufacturer, is evaluating the costs and benefits of new equipment that would custom fit each pair of athletic shoes. The customer would have his or her foot scanned by digital computer equipment; this information would be used to cut the raw materials to provide the customer a perfect fit. The new equipment costs $107,000 and is expected to generate an additional $43,000 in cash flows for 5 years. A bank will make a $107.000 loan to the company at a 15% Interest rate for this equipment's purchase. Use the following table to determine the break-even time for this equipment. All cash flows occur at year-end. (PV or $1. FV of $1. PVA of $1. and EVA of $1) (Use appropriate factor(s) from the tables provided.) Chart Values are based on Year Cash Inflow (Outflow) PV Factor Present Value Cumulative Present Value of Inflow (Outflow) 0 $ (107.000) 1.0000 - $ (107.000) $ (107.000) 1 2 3 4 5