Bluetooth Transportation Inc.is considering purchasing new equipment costing $900,000. Management has estimated that the equipment will generate cash inflows as follows: Year 1 $300,000, Year 2 $240,000, Year 3 $210,000, Year 4 $200,000, Year 5 $175,000

Information from a Present Value of $1 table: Year 7% 8% 9% 1 .935 .926 .917 2 .873 .857 .842 3 .816 .794 .772 4 .763 .735 .708 5 .713 .681 .65 The companys required rate of return is 9%. Using the factors in the table, calculate the present value of the cash inflows.