A firm is considering a project with an annual cash flow of $$240,000.$ The project would have an $8-$year life, and the company uses a discount rate of $12$ percent. Ignoring income taxes, what is the maximum amount the company could invest in the project and have the project still be acceptable $($rounded$)?$

Group of answer choices

$$977,480$

$$1,125,228$

$$1,160,582$

$$1,192,234$