Peng Company is considering an investment expected to generate an average net income after taxes of $1,950 for three years. The investment costs $45,000 and has an estimated $6,000 salvage value....

Peng Company is considering an investment expected to generate an average net income after taxes of

$1,950 for three years. The investment costs $45,000 and has an estimated $6,000 salvage value. Assume

Peng requires a 15% return on its investments. Compute the net present value of this investment. (Round

each present value calculation to the nearest dollar.)