3 Fraser Company will need a new warehouse in eight years. The warehouse will cost $490,000 to build Click here to view Exhibit 148.1 and Exhibit 148-2, to determine the appropriate discount factors) using tables Required: What lump-sum amount should the company invest now to have the $490,000 available at the end of the eight-year period? Assume that the company can invest money at: (Round your final answer to the nearest whole dollar amount.) ts eBook Present Value 1. Four percent 2 Eight percent Hint Print eferences