5...TheBridgeportCompany is planning to purchase $454,000of equipment with an estimated7-year life and no estimated salvage value. The company has projected the following annual cash flows for the investment:

Year Projected Cash Flows

1 $219,000

2 137,000

3 115,000

4 55,500

5 63,600

6 44,500

7 45,400

Total $680,000

Calculate the net present value of the proposed equipment purchase. Bridgeport uses a 6% 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 ___________