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Vencap Enterprises is evaluating an investment opportunity that can be purchased for $68,000. Further product development will require contributions of $31,300 in Year 1 and

Vencap Enterprises is evaluating an investment opportunity that can be purchased for $68,000. Further product development will require contributions of $31,300 in Year 1 and $11,300 in Year 2. Returns of $33,000, $66,500, and $46,500 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

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