Elsie Moving Company is considering purchasing new equipment that costs $724,000. 1ts management estimates that d the equipment will generate cash flows as follows: Year 1 $212,000 2 212,000 3 260,000 4 260,000 5 158,000 The company's required rate of return is 10%. Using the factors in the table below, calculate the present value of the cash inflows, (Round all calculations to the nearest whole dollar.) Present value of $1: 6% 7% 8% 9% 10% 0943 0.935 0926 091 009 0.890 0.873 0.857 0842 0.826 0.840 0.8160.94 0.772 0.251 0.792 07630.735 0.7080.683 0470.7130.6810.6500.621