Please explain the steps on how this answer is found.

600400 Brevod minjen Helicopter Gear is planning to expand its product line, which requires investment of $398,000 in special-purpose machinery. The machinery has a useful life of five years and no salvage value. The estimated annual results of offering the new products are as follows. All revenue from the new products and all expenses (except deprecntion) will be received or paid in cash in the same period as recognized for accounting purposes. What is the net present value of this proposed investment, using a discount rate of 11% ? (Note: An annuity table shows that the present value of $1 received annually for five years, discounted at 11%, is 3.696.) Multiple Choice ($106.400) ($4,746) $291,600