Sunrise Inc $$\begin{array} { l l } \text { Year } & \text { Net Cash Flow } \\1 & \$ 97,500 \\2 & 80,000 \\3 & 60,000 \\4 & 40,000\end{array}$$

Sunrise Inc. is considering a capital investment proposal that costs $227,500 and has an estimated life of 4 years and no residual value. The estimated net cash flows are as follows: $$\begin{array} { l l } \text { Year } & \text { Net Cash Flow } \\1 & \$ 97,500 \\2 & 80,000 \\3 & 60,000 \\4 & 40,000\end{array}$$ The minimum desired rate of return for net present value analysis is 10%. The present value of $1 at compound interest rates of 10% for 1, 2, 3, and 4 years is 0.909, 0.826, 0.751, and 0.683, respectively. Determine the net present value. Round interim answers to the nearest dollar.