The Cambro Foundation, a nonprofit organization, is planning to invest $134,941 in a project that will last for three years. The project will produce net cash inflows as follows:

Year 1

Year 2

Year 3

$ 49,000

$ 65,000

?

Click here to view Exhibit 7B-1 and Exhibit 7B-2, to determine the appropriate discount factor(s) using table.

Required:

Assuming that the project will yield exactly a 11% rate of return, what is the expected net cash inflow for Year 3?