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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 5.87 percent. The initial outlay is $327,913.

Year 1: 185,101

Year 2: 194,280

Year 3: 165,301

Year 4: 173,524

Year 5: 135,025

Round the answer to two decimal places.

Financial Management, Finance

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