Valuing a Note - Review Turp and Tyne Distillery is considering investing in a two-year project. The company's required rate of return is 10%. The present value of $1 for one period at 10% is.909 and .326 for two periods at 10%. The project is expected to create cash flows, net of taxes, of $240,000 in the first year, and $300,000 in the second year. The distillery should invest in the project if the project's cost is less than or equal to: a $540,000 1. $490,860 $465,900 4.5446,040. - 485