A companys financial analyst was preparing her report on a project her company was exploring when a computer crash destroyed some of her data.

The following information was all she could retrieve.

NPV of the project = $74,767.67

Real discount rate = 12%

Cash flows of the project: Year 0 1 2 3 Real cash flows -$600,000 $0 ? $500,000 Nominal cash flows ? $0 $441,000

Determine the missing real cash flow for year 2.