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 9% return from its investments Initial investment $ (340,000) Net cash flows: Year 1 175, see Year 2 128,000 Year 3 89, eee QS 24-20 (Algo) Net present value with uneven cash flows and salvage value LO P3 Assume that instead of a zero salvage value, as shown above, the machine has a salvage value of 522 500 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) Check my wor QS 24-20 (Algo) Net present value with uneven cash flows and salvage value LO P3 Assume that instead of a zero salvage value, as shown above, the machine has a salvage value of $22,500 at the end of its three-year life. Compute the machine's net present value (PV of S1, FV of S1, PVA of $1, and FVA of 3.1) (Use appropriate factor(s) from the tables provided. Round all present value factors to 4 decimal places. Round present value amounts to the nearest dolor) Cash Flow Present Value $ Yoar 1 Year 2 Year 3 Year 3 salvage value Totals Initial investment Net present value 160,545 107738 Present Value Factor 0.91741 $ 0.8417 0.7722 0.77221 S 175,000 128,000 89,000 22.500 414,500 S 268,283 (340,000) (71.717) S