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Find the net present value (NPV) for the following series of future cash flows, assuming the companys cost of capital is 9.96 percent. The initial

Find the net present value (NPV) for the following series of future cash flows, assuming the companys cost of capital is 9.96 percent. The initial outlay is $447,521.

Year 1: 188,487

Year 2: 138,875

Year 3: 195,393

Year 4: 158,087

Year 5: 189,759

Round the answer to two decimal places.

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