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A factory costs $310,000. You forecast that it will produce cash inflows of $95,000 in year 1, $155,000 in year 2, and $250,000 in year

A factory costs $310,000. You forecast that it will produce cash inflows of $95,000 in year 1, $155,000 in year 2, and $250,000 in year 3. The discount rate is 12%.

a. What is the value of the factory? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

b. Is the factory a good investment?

Yes

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