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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 8.64 percent. The initial

Find the net present value (NPV) for the following series of future cash flows, assuming the companys cost of capital is 8.64 percent. The initial outlay is $344,632.

Year 1: 146,245

Year 2: 147,529

Year 3: 147,849

Year 4: 145,959

Year 5: 196,088

Round the answer to two decimal places.

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