Question: George is using the net present value (NPV) when evaluating investment opportunities, assuming the opportunity cost rate 12.09 percent. The initial cash outlay is $487,843.

George is using the net present value (NPV) when evaluating investment opportunities, assuming the opportunity cost rate 12.09 percent. The initial cash outlay is $487,843. The investment will produce the following the end of the year after-tax cash inflows of Year 1: $121,487 Year 2: $133,555 Year 3: $91,785 Year 4: $197,887 Round the answer to two decimal places. Your
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