Given that the initial investment for a new project is $500,000. The incremental cashflows for the 3-year project is as follows: Year 1: $200.000 Year 2: $180,000 Year 3: $170,000 The new machines can be sold off for $20,000 at the end of the project. The cost of capital for the company is 2%. What is the present value of the cashflow for year 3? $179,041 $48,130 $29,284 $160,195