OPPOSTOLJ 1) You are proposing that your company purchase new equipment that will generate additional revenues for the firm. After extensive analysis you determine that the cashflows generated will be as follows: Year 1 $234,881, Year 2 $556,901, Year 3 $847,038, Year 4 $389,466, and Year 5 $ 101,753. Your firm uses a 15% discount rate for the evaluation of capital project. What is the present value of the future cashflows? (Use the NPV formula to solve this problem)