A apple orchard is expected to produce regular annual cash flows of 56,640 dollars with the first regular cash flow expected later today and the last regular cash flow expected in 7 years from today. In addition to the regular cash flows of 56,640 dollars, the apple orchard is also expected to produce an extra cash flow of 86,387 dollars in 8 years from today. The cost of capital for the apple orchard is 6.87 percent. What is the value of the apple orchard?