Fraser Company will need a new warehouse in fourteen years. The warehouse will cost $360,000 to build. Click here to view Exhibit 128-1 and Exhibit 128-2, to determine the appropriate discount factor(s) using tables. Required: What lump-sum amount should the company invest now to have the $360,000 available at the end of the fourteen-year period? Assume that the company can invest money at: (Round your final answer to the nearest whole dollar amount.) 1. Eleven percent 2. Seven percent Present Value