Randolph Corporation Is Considering an Investment Opportunity with the Expected

Randolph Corporation is considering an investment opportunity with the expected net cash inflows of $300,000 for four years. The residual value of the investment, at the end of four years, would be $70,000. The company uses a discount rate of 14%, and the initial investment is $290,000. Calculate the NPV of the investment.
Present value of an ordinary annuity of $1:
$$\begin{array} { | c | c | c | c | c | } \hline & 12 \% & 13 \% & 14 \% & 15 \% \\\hline 1 & 0.893 & 0.885 & 0.877 & 0.87 \\\hline 2 & 1.69 & 1.668 & 1.647 & 1.626 \\\hline 3 & 2.402 & 2.361 & 2.322 & 2.283 \\\hline 4 & 3.037 & 2.974 & 2.914 & 2.855 \\\hline 5 & 3.605 & 3.517 & 3.433 & 3.352 \\\hline\end{array}$$ Present value of $1:
$$\begin{array} { | c | c | c | c | c | } \hline & 12 \% & 13 \% & 14 \% & 15 \% \\\hline 1 & 0.893 & 0.885 & 0.877 & 0.87 \\\hline 2 & 0.797 & 0.783 & 0.769 & 0.756 \\\hline 3 & 0.712 & 0.693 & 0.675 & 0.658 \\\hline 4 & 0.636 & 0.613 & 0.592 & 0.572 \\\hline 5 & 0.567 & 0.543 & 0.519 & 0.497 \\\hline\end{array}$$