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Find the net present value (NPV) for the following series of future cash flows, assuming the company’s cost of capital is 12.33 percent. The initial outlay is $346,553.

Year 1: 157,021

Year 2: 147,435

Year 3: 169,239

Year 4: 120,240

Year 5: 153,395

Round the answer to two decimal place

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