Cooper Construction is considering purchasing new, technologically advanced equipment. The equipment will cost $625, 000 with a salvage value of $50, 000 at the end of its useful life of 10 years. The equipment is expected to generate additional annual cash inflows with the following probabilities for the next ten years:

Probability | Cash Flow

0.15 | $60,000

0.25 | $85,000

0.45 | $110,000

0.15 | $130,000

What is the expected net present value?