Vencap Enterprises is evaluating an investment opportunity that can be purchased for $70,000. Further product development will require contributions of $31,500 in Year 1 and $11,500 in Year 2. Returns of $35,000, $67,500, and $47,500 are expected in the three following years. a-1. Calculate the fair market value of future cash flows if its cost of capital is 6% (compounded annually). (Do not round intermediate calculations and round your final answer to the nearest whole dollar amount.) Fair