The management of Byrge Corporation is investigating buying a small used aircraft to use in making airborne inspections of its above$-$ground pipelines.

The aircraft would have a useful life of $4$ years. The company uses a discount rate of $10\%$ in its capital budgeting. The net present value of the

investment, excluding the intangible benefits, is $-$$$316,880.($Ignore income taxes.$)$

Click here to view Exhibit $7$B$-1$ and Exhibit $7$B$-2,$ to determine the appropriate discount factor$($s$)$ using the tables provided.

How large would the annual intangible benefit have to be to make the investment in the aircraft financially attractive?

Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.

Multiple Choice

$$316,880$

$$99,962$

$$79,220$