Distance, Co$.$ is considering investing in a five$-$year project that will require purchasing

equipment that costs $$700,000.$ The project expected annual cash inflows is expected to

be $$160,000$ per year. Salvage value of the equipment at the end of the five years is

expected to be $$90,000.$ Assuming a discount rate of $6\%,$ and using the present value

table provided, the projects net present value is closest to which of the following: