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Use the following information for the Quick Study below. $($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Following is information on an investment in a manufacturing machine. The

machine has zero salvage value. The company requires a $6\%$ return from its

investments.

QS $24-20($Algo$)$ Net present value with uneven cash flows and salvage

value LO P$3$

Assume that instead of a zero salvage value, as shown above, the machine has a salvage value of

$$31,500$ at the end of its three$-$year life. Compute the machine's net present value. $($PV of $$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. Round present value amounts to the nearest dollar.$)$