You are evaluating a project that is expected to return $100,000, $250,000, and $200,000 in years…

You are evaluating a project that is expected to return $100,000, $250,000, and $200,000 in years 1,2, and 3, respectively. In the fourth year, the project will return $125,000 per year at the end of each year in perpetuity. Please use the no-growth perpetuity formula at the end of Chapter 3 to value the no-growth perpetuity (from years four to infinity). Remember that this value is a year 3 number, so it needs to be combined with the year 3 cash flow and the sum then discounted back to the present (with the year 1 and year 2 numbers). Assume that your cost of money is 8%. What is the present value of this project? The present value of this project is __________