Turner Video will invest $$60,500$ in a project. The firm's cost of capital is $13$ percent. The investment will provide the following inflows.

Use Appendix A for an approximate answer but calculate your final answer using the formula and financial calculator methods.

Year Inflow

$1$ $$16,000$

$2$ $$18,000$

$3$ $$22,000$

$4$ $$26,000$

$5$ $$30,000$

The internal rate of return is $15$ percent.

a$.$ If the reinvestment assumption of the net present value method is used, what will be the total value of the inflows after five years?

$($Assume the inflows come at the end of each year.$)$

Note: Do not round intermediate calculations and round your answer to $2$ decimal places.

Total value of inflows $\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

b$.$ If the reinvestment assumption of the internal rate of return method is used, what will be the total value of the inflows after five

years?

Note: Use the given internal rate of return. Do not round intermediate calculations and round your answer to $2$ decimal places.

Total value of inflows $\_\_\_\_\_\_\_\_\_\_\_\_$