Fraser Company will need a new warehouse in three years. The warehouse will cost $350,000 to build. Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using tables. Required: What lump-sum amount should the company invest now to have the $350,000 available at the end of the three-year period? Assume that the company can invest money at: (Round your final answers to the nearest whole dollar amount.) Present Value 1. Seven percent 2. Six percent