A table showing the possible coefficient of variation for an inflow and the associated adjustment factor is shown next:

Coefficient of

VariationAdjustment

Factor0.25.90.26.50.80.51.75.70.761.00.601.011.25.50

Assume a $178,000 project provides the following inflows with the associated coefficients of variation for each year.

Year Inflow . Coefficient of Variation

1 $36400 .16

2 57,100 .22

3 76,600 .46

4 56,200 .79

5 63,600 1.07

b-1.If the risk-free rate is 7 percent, compute the net present value of the adjusted inflows.(Negative amount should be indicated by a minus sign.Do not round intermediate calculations and round your answer to 2 decimal places.)