A factory costs $400,000. You forecast that it will produce cash inflows of $120,000 in year 1, $180,000 in year 2, and $300,000 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.) Answer is complete but not entirely correct. Value of the factory $ 303,978.67 X b. Is the factory a good investment? Yes a. What is the present value of $1 to be received in year 2? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Present value 2.71 x b. What is the present value of $2,000? (Do not round intermediate calculations.) Answer is complete but not entirely correct. Present value $ 543 X