Your company is considering investing in Project X. Your analysts estimate that this project will increase your company’s net cash flows by $96246 in year 1,$141845 in year 2, and \$203878 in year 3. For convenience, they treat these cash flows as occurring at the end of the respective years. Your analysts decided that the appropriate discount rate for this project is 7% per year, compounded annually. What is the present value of the cash flows expected from Project X?