using the data for the stephenson company, what is the present value of the operating cash flows (all five years) using a 12% discount rate?

The Stephenson Company is considering an investment of $1,500,000 with the following projected cash flows. Also, the company uses a 12% discount rate in evaluating investments of this risk level. Year 1 Year 2 Year 3 Year 4 Years Revenue Cost of Revenue Gross Margin SG&A EBITDA Depreciation EBIT Interest Taxable income Taxes (30%) Net Income $ 1,110,000 488.400 621,600 105,000 516,600 30,000 485,600 40,000 448,600 133,980 312,620 $ 1,198,800 527.472 671,328 109,200 562,128 30,000 532,128 39,000 493,128 147,938 345,190 $ 1,294,704 569,670 725,034 113,568 611,466 30,000 581,466 37,800 543,666 163,100 380,566 $ 1,398,280 615,243 783,037 134,984 648,053 30,000 618,053 36,600 581,453 $ 1,510,143 664,463 845,680 140,383 705,297 30,000 675,297 35.400 639,897 Operating Cash Flow 382,620 414,190 448,366