Required Information

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.

Initial investment

$$(340,000)$

Net cash flows:

Year $1140,000$

Year $2114,000$

Year $387,000$

QS $24-19($Algo$)$ Net present value with unequal cash flows LO P$3$

Compute this machine's net present value. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$

Note: Use approprlate factor$($s$)$ from the tables provided. Round all present value factors to $4$ declmal places. Round present value

amounts to the nearest clollar.