Elsie Moving Company is considering purchasing new equipment that cost $728,000. Its management estimates that the equipment will generate cash flows as follows:
| Year 1 |
218000 |
1
|
218,000 |
| 3 |
260,000 |
| 4 |
260,000 |
| 5 |
170,000 |
The company's required rate of return is10%. Using the factors in the tablebelow, calculate the present value of the cash inflows.(Round all calculations to the nearest wholedollar.)