Acme Company is considering an investment in a project that has an internal rate of return of $20\%.$ The project has an $8-$year useful life but has no salvage value. Net cash inflows from the project are $$300,000$ per year in each of the $8$ years. Management uses a $16\%$ discount rate to make capital budgeting decisions. What is the net present value of this project?

$$ $$167,493$

$$146,392$

$$115,645$

$$152,100$

$$ None of the above