Pharoah, Inc. is considering the purchase of a warehouse directly across the street from its manufacturing plant. Pharoah currently warehouses its inventory in a public warehouse across town. Rent on the warehouse and delivering and picking up inventory cost Pharoah $43200 per year. The building will cost Pharoah $405000. Pharoah will depreciate the building for 20 years. At the end of 20 years, the building will have a $112500 salvage value. Pharoah's required rate of return is 12%. Click here to view the factor table. Using the present value tables, the building's net present value is (round to the nearest dollar)

$334344.

$39122.

$864000.

$-70656.