A factory costs $860,000. You reckon that it will produce an inflow after operating costs of $176,000 a year for 10 years.

a. If the opportunity cost of capital is 12%, what is the net present value of the factory? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

b. What will the factory be worth at the end of nine years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)