Aerospace Dynamics will invest $$130,000$ in a project that will produce the following cash flows. The cost of capital is $11$ percent. $($Note that the fourth year$$s cash flow is negative.$)$ Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods.

Year Cash Flow

$1$ $ $43,000$

$252,000$

$345,000$

$4(52,000)$

$596,000$

What is the net present value of the project?