Suppose you are evaluating a project with the cash inflows shown in the following table. Your boss has asked you to calculate the projects net present value (NPV). You dont know the projects initial cost, but you do know the projects regular, or conventional, payback period is 2.5 years.

The project's annual cash flows are:

Year	Cash Flow
Year 1	$275,000
Year 2	600,000
Year 3	400,000
Year 4	425,000

If the projects desired rate of return is 10.00%, the projects NPV is

209,340; 222,424; 235,508; OR 261,675

(Hint: Round your calculations to the nearest dollar.)