Hollister & Hollister is considering a new project. The project will require $$522,000$ for new fixed assets, $$218,000$ for additional inventory, and $$39,000$ for additional accounts receivable. Short$-$term debt is expected to increase by $$165,000.$ The project has a $6-$year life. The fixed assets will be depreciated straight$-$line to a zero book value over the life of the project. At the end of the project, the fixed assets can be sold for $20$ percent of their original cost. The net working capital returns to its original level at the end of the project. The project is expected to generate annual sales of $$875,000$ and costs of $$640,000.$ The tax rate is $34$ percent and the required rate of return is $14$ percent.

What is the amount of the earnings before interest and taxes for the first year of this project?

Group of answer choices

$$148,000$

$$235,000$

$$217,320$

$$97,680$

$$130,000$