Question: George is using the net present value (NPV) when evaluating investment opportunities, assuming the opportunity cost rate 13.29 percent. The initial cash outlay is $422,087.

George is using the net present value (NPV) when evaluating investment opportunities, assuming the opportunity cost rate 13.29 percent. The initial cash outlay is $422,087. The investment will produce the following the end of the year after-tax cash inflows of

Year 1: $155,194

Year 2: $15,002

Year 3: $28,833

Year 4: $174,058

Round the answer to two decimal places.

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