A company requires a return of $12\%$ on its investments, and is considering a project that requires an initial investment of $$438,000$ and will generate net cash flows of $$188,000$ per year for three years. The present value factor of an annuity for three years at $12\%$ is $2\mathrm{.}4018.$

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Required $A$

Calculate the net present value of the new project.

$\backslash$table$[[,$Net Cash Flows $,\backslash$table$[[$Present Value of an Annuity at$],[12\%$