John Keene recently invested $2250 in a project that is promising to return 10 percent per year. the cash flows are expected to be as follows:
Year End of Cash Flow
1 $549
2 $564
3 $503
4 $???
5 $511
Note that the cash flow in year 4 is missing. Determine the Year 4 missing cash flow that will make the present value of this series equal to hte amount John invested ( that is, CFO = -2250)?
Round your answer to 2 decimal places.
Please be correct and show work!