Tall Trees, Inc. is using the net present value (NPV) when evaluating projects. You have to find the NPV for the company’s project, assuming the company’s cost of capital is 8.01 percent. The initial outlay for the project is $345,647. The project will produce the following after-tax cash inflows of
Year 1: 170,935
Year 2: 2,439
Year 3: 78,970
Year 4: 120,194
Round the answer to two decimal places.