Graduates of a local business school will make an average initial salary of $46,769.00. Lets assume that salaries will grow at 3.00% in perpetuity for these graduates. We will assume that students want a 6.00% return on their tuition investment.

If we simplify college tuition, what is the NPV of attending college if the cost of attending a 4-year college is valued at $218,747.00 today?

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Answer format: Currency: Round to: 2 decimal places.