Amazon Corporation is planning an investment with the following characteristics (Ignore income taxes.):

Useful life		10	years
Yearly net cash inflow	$	70,000
Salvage value	$	0
Internal rate of return		14	%
Required rate of return		10	%

Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.

The initial cost of the equipment is closest to:

• $365,120

• $630,100

• $375,470

• Cannot be determined from the given information.