Tall Trees, Inc. is using the net present value (NPV) when evaluating projects. You have to find the NPV for the companys project, assuming the companys cost of capital is 12.23 percent. The initial outlay for the project is $378,615. The project will produce the following after-tax cash inflows of

Year 1: 132,382

Year 2: 163,146

Year 3: 23,309

Year 4: 159,242