Modified problem $3\mathrm{.}28$ from page $128$ of the textbook, which

now reads:

$"$

Compute the present worth equivalent of the following series of

cash flows if $i=18\%.$

Year $1$: $$100$

Year $2$: $$120$

Year $3$: $$140$

Year $4$: $$160$

Year $5$: $$300$

Note: Please enter your answer to two decimal places. If using

the interest factor method, apply the value of the factor as

presented in the table or spreadsheet $($with all four decimal

places$).$

Answer: