A factory costs $500,000. You forecast that it will produce cash inflows of $145,000 in year 1, $205,000 in year 2, and $350,000 in year 3. The discount rate is 10%.
What is the value of the factory? (Do not round intermediate calculations. Round your answer to 2 decimal Places.) Value of the Factory ……………………
Is the factory a good investment? Yes or no.