The present value of an uneven cash flow stream is calculated as the sum of the present values of the individual cash flows in the stream. Topic: Uneven Cash Flow Streams - Present Value UCF Health Radiology is considering the purchase of a new X-ray machine. The group's managers forecast that the operation of the new machine would produce the following stream of cash inflows (in thousands) over 5 years:

Year 0

Year 1: $100

Year 2: $140

Year 3: $170

Year 4: $190

Year 5: $260

What is the present value of the new X-ray machine investment if the appropriate discount (opportunity cost) rate is 10 percent?