Question: QUESTION & Darrington Inc. is evaluating an equipment purchase which requires an expenditure of $423 today followed by an inflow of $150 in year one.

QUESTION & Darrington Inc. is evaluating an equipment purchase which requires an expenditure of $423 today followed by an inflow of $150 in year one. $200 in year two, and $294 in year three. What is the net present value of these cash flows to the nearest cent if the discount rate is 5%

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