Pharoah LLC$,$ a leveraged$-$buyout specialist, recently bought a company and wants to determine the optimal time to sell it$.$ The partner in charge of this investment has estimated the after$-$tax cash flows from a sale at different times to be as follows: $$200,000$ if sold one year later: $$300,000$ if sold two years later: $$500,000$ if sold three years later; and $$600,000$ if sold four years later. The opportunity cost of capital is $12\mathrm{.}5$ percent. Calculate the NPV of each choices. $($Do not round factor values. Round answers to the nearest whole dollar: eg$.5,275.)$

The NPV of each choice is:

When should Pharoah sell the company?

Pharoah should sell the company in