Gomez is considering a $245,000 investment with the following net cash flows. Gomez requires a 12% return on its investments

Net cash flows	$85,000	$41,000	$83,000	$147,000	$53,000

Compute the net present value of this investment.

\begin{tabular}{|c|c|l|r|} \hline Year & Net Cash Flows & Present Value of 1 at & Present Value of Net Cash Flows \\ \hline Year 1 & $85,000 & 0.8929 & $7,589,286 \\ \hline Year 2 & 41,000 & 0.7972 & 32,685 \\ \hline Year 3 & 83,000 & 0.7118 & 59,078 \\ \hline Year 4 & 147,000 & 0.6355 & 93,421 \\ \hline Year 5 & 53,000 & 0.5674 & 30,074 \\ \hline Totals & $409,000 & & $7,804,544 \\ \hline Initial \\ investment & & & \\ Net present & & & $7,804,544 \\ \hline \end{tabular}