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George is using the net present value (NPV) when evaluating investment opportunities, assuming the opportunity cost rate 12.74 percent. The initial cash outlay is $309,994.

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George is using the net present value (NPV) when evaluating investment opportunities, assuming the opportunity cost rate 12.74 percent. The initial cash outlay is $309,994. The investment will produce the following the end of the year after-tax cash inflows of Year 1: $196,043 Year 2: $35,376 Year 3: $189,326 Year 4: $132,240 Round the answer to two decimal places. Your

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