3A2:

Green Landscaping, Inc. is using net present value (NPV) when evaluating projects. Green Landscapings cost of capital is 13.06 percent. What is the NPV of a project if the initial costs are $1,427,272 and the project life is estimated as 7 years? The project will produce the same after-tax cash inflows of $485,969 per year at the end of the year.

Round the answer to two decimal places.