Cost Accounting - NPV - Please help answer the (1) blank

Lawson Company is considering production of an electronic tablet with the following associated data:

	Expected annual revenues, $1,541,000.
	A projected product life cycle of five years.
	Equipment, $1,631,000 with a salvage value of $195,000 after five years.
	Expected increase in working capital, $200,000 (recoverable at the end of five years).
	Annual cash operating expenses are estimated at $868,000.
	The required rate of return is 10 percent.

(Will need to use a present value table)

1.

Estimate the annual cash flows for the tablet project by completing the following table: Cash outflows may be entered as negative numbers.

Year	Item	Cash Flow
0	Equipment	$ -1,631,000
	Working capital	-200,000
	Total	$ -1,831,000
1-4	Revenues	$ 1,541,00
	Operating expenses	-868,000
	Total	$ 673,000
5	Revenues	$ 1,541,000
	Operating expenses	-868,000
	Salvage	195,000
	Recovery of working capital	200,000
	Total	$ 1,068,000

2.

Using the estimated cash flows, calculate the NPV (round the discount factor to three decimal places and the present values to the nearest dollar):

NPV = $ BLANK Please round as required