Your company is considering investing in Project X. Your analysts estimate that this project will increase your companys net cash flows by $60,239 in year 1, $143,074 in year 2, and $191,596 in year 3. For convenience, they treat these cash flows as occurring at the end of the respective years. Your analysts decided that the appropriate discount rate for this project is 6% per year, compounded annually. What is the present value of the cash flows expected from Project X?

Do not round at intermediate steps in your calculation. Round your final answer to the nearest dollar. Enter your answer without the $ symbol.