Find the net present value (NPV) for the following series of future cash flows, assuming the companys cost of capital is 10.01 percent. The initial outlay is $396,647.

Year 1: 160,434

Year 2: 130,235

Year 3: 152,756

Year 4: 155,071

Year 5: 180,528

Round the answer to two decimal places.

This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems.