A company is considering a 3-year project with an initial cost of $336,000. The project will not directly produce any sales but will reduce operating costs by $109,000 a year. The equipment is classified as MACRS 7-year property. The MACRS table values are .1429, .2449, .1749, .1249, .0893, .0892, .0893, and .0446 for Years 1 to 8, respectively. At the end of the project, the equipment will be sold for an estimated $164,000 before tax. The tax rate is 25 percent and the required return is 10 percent. An extra $52,000 of inventory will be required for the life of the project (but will be fully recovered when the project ends). What is the total cash flow for Year 3?

$344,126.54

$331,805.60

$315,672.24

$308,174.80

$286,427.88