Fraser Company will need a new warehouse in eight years. The warehouse will cost $500,000 to build Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using tables. Required: What lump-sum amount should the company invest now to have the $500,000 available at the end of the eight-year period? Assume that the company can invest money at: (Round your final answer to the nearest whole dollar amount.) Present Value $ 340,292 1. Eight percent 2. Thirteen percent