Haroldsen Corporation is considering a capital budgeting project that would require an initial investment of $$350,000.$ The investment would generate annual cash inflows of $$133,000$ for the life of the project, which is $4$ years. At the end of the project, equipment that had been used in the project could be sold for $$32,000.$ The company$$s discount rate is $14\%.$ The net present value of the project is closest to:

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

Multiple Choice

$$37,429$

$$56,373$

$$214,000$

$$406,373$