The Gamma Company is planning on investing in a new project. This project requires an initial investment into a new machinery of $420,000. The Gamma Company expects cash inflows from this project to be as follows: $200,000 in year 1, $225,000 in year 2, $275,000 in year 3, and $200,000 in year 4 of the project. If the appropriate discount rate for this project is 16% then the NPV of the project is closest to _____________________.

Group of answer choices

$144,385

$197,850

$236,552

$189,737

$206,265

$216,578