A company is considering spending $159,000 at Time 0 to test a new product. Depending on the test results, the company may decide to spend $1,161,000 at Time 1 to start production of the product. If the product is introduced and it is successful, it will produce aftertax cash flows of $543,000 a year for Years 2 through 6. The probability of successful test and investment is 70 percent. What is the net present value at Time 0 given a 10.5 percent discount rate? $335,788.63 $354,859.21 $373,929.79 $393,000.37 $412,070.95