Cardinal Corporation is considering spending $440,000 at Time 0 to test a new product. Depending on the test results, the firm may decide to spend $956,000 at Time 1 to start production of the product. If the product is introduced and it is successful, it will produce aftertax cash flows of $778,000 a year for Years 2 through 5. The probability of successful test and investment is 60 percent. What is the net present value at Time 0 given a 14 percent discount rate? $264,912.33 $257,810.09 $249,930.62 $239,317.81 $231,006.15