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I'm struggling to figure out where I'm going wrong on this question, the answer is NOT $566,224.92, but I don't know why. The Biological Insect

I'm struggling to figure out where I'm going wrong on this question, the answer is NOT $566,224.92, but I don't know why.image text in transcribed

The Biological Insect Control Corporation (BICC) has hired you as a consultant to evaluate the NPV of its proposed toad ranch. BICC plans to breed toads and sell them as ecologically desirable insect-control mechanisms. It anticipates that the business will continue in perpetuity. Following the negligible start-up costs, BICC expects the following nominal cash flows at the end of the year: terms. Revenues will increase by 4 percent per year in real terms. Labour costs will increase by 3 percent per year in real terms. Other costs will increase by 1 percent per year in real terms. The rate of inflation is expected to be 6 percent per year. BICC's required rate of return is 10 percent in real terms. There are no taxes. All cash flows occur at year-end. What is the NPV of NIC ' today? (Do not round intermediate calculations. Round the answer to 2 decimal places. Omit $ sign in your response.) Net present value $

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