A project has an initial requirement of $$300,000$ for fixed assets and $$30,000$ for net working capital. The fixed assets will be depreciated to a zero book value over the $3-$year life of the project and have an estimated salvage value of $$80,000.$ All of the net working capital will be recouped at the end of the project. The annual operating cash flow is $$160,000$ and the discount rate is $10$ percent. What is the project's net present value if the tax rate is $21$ percent?

$$110,374\mathrm{.}24$

$$197,365\mathrm{.}60$

$$137,918\mathrm{.}86$

$$154,277\mathrm{.}28$