Pronghorn Company is considering a capital investment of $$386,000$ in additional equipment. The new equipment is expected to have a useful life of $8$ years with no salvage value. Depreciation is computed by the straight$-$line method. During the life of the investment, annual net income and cash flows are expected to be $$35,000$ and $$75,000,$ respectively. Pronghorn requires a $10\%$ return on all new investments.

$\backslash$table$[[$Period$,$Present Value of an Annuity of $1],[8\%,9\%,10\%,11\%,12\%,15\%$