Carpenter Corporation is considering an investment opportunity with the following expected net cash inflows: Year $1,$ $$220,000$; Year $2,$$$315,000$; Year $3,$$$400,000.$ At the end of Year $3,$ the residual value of the investment is expected to be $$10,000.$ The company uses a discount rate of $13\%,$ and the initial investment is $$480,000.$ Calculate the NPV of the investment.

Present value of $$1$ :

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