10,348. is NOT THE RIGHT ANSWER IT SAID.

The Flounder Company is planning to purchase $468,000 of equipment with an estimated 7-year life and no estimated salvage value. The company has projected the following annual cash flows for the investment: Year Projected Cash Flows 1 $211,000 2 130,000 3 115,000 4 55,500 5 63,200 6 43,400 7 49,200 Total $667,300 Click here to view the factor table. Calculate the net present value of the proposed equipment purchase. Flounder uses a 11% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g. 58,971.) Net present value $