Sims Ltd. is assessing an investment that requires an initial investment of $500,000 at the beginning of Year 1. Thereafter, annual cash flows related to this investment are estimated as follows (at the end of each year): Year 1 $80,000 Year 2 $260,000 Year 3 ? Year 4 $280,000 The appropriate discount rate is 12%. Based on the above information, if Sims wants the investment to have an NPV of $160,000.

What is the cash flow required in Year 3?