Please help solve the net present value

ThePronghornCompany is planning to purchase $493,000of equipment with an estimated7-year life and no estimated salvage value. The company has projected the following annual cash flows for the investment:

Year

Projected Cash Flows

1

$248,0002

135,0003

102,0004

59,3005

70,0006

48,2007

47,200Total

$709,700

Click here to view the factor table.

Calculate the net present value of the proposed equipment purchase.Pronghornuses a11% discount rate.(For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g. 58,971.)

Net present value$

enter the net present value in dollars rounded to 0 decimal places