Calculate the present value (PV) of the cash inflows for each year using the given discount rate of 7.69%:
PV of Year 1 cash inflow = $145,000 / (1 + 0.0769)^1 = $134,428.79
PV of Year 2 cash inflow = $145,000 / (1 + 0.0769)^2 = $124,607.47
PV of Year 3-7 cash
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