Click here to view Exhibit $14$B$-1$ and Exhibit $14$B$-2,$ to determine the appropriate discount factor$($s$)$ using tables.

Required:

What lump$-$sum amount should the company invest now to have $$440,000$ available at the end of eight$-$years? Assume the company can invest money at:

Note: Round your final answer to the nearest whole dollar amount.

$\backslash$table$[[,$Present Value$],[1.$ Twelve percent,$],[2.$ Eight percent,$]]$