Briston Company is considering a 3-year project with an initial cost of $586,000. The project will not directly produce any sales but will reduce operating costs by $158,000 a year. The equipment is classified as MACRS 7-year property. The MACRS table values are .1429, .2449, .1749, .1249, .0893, .0892, .0893, and .0446 for Years 1 to 8, respectively. At the end of the project, the equipment will be sold for an estimated $284,000 before tax. The tax rate is 25 percent and the required return is 12 percent. An extra $63,000 of inventory will be required for the life of the project. What is the total cash flow for Year 3?

$534,670.80

$452,380.60

$516,278.20

$435,672.40

$484,187.30