Elsie Moving Company is considering purchasing new equipment that cost $728,000. Its management estimates that the equipment will generate cash flows asfollows:

Year 1 218000
3 260,000
4 260,000
5 170,000

Thecompany’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.)

Present value of$1: