Gamma Company Is Considering an Investment Opportunity with the Following

Gamma Company is considering an investment opportunity with the following expected net cash inflows: Year 1, $250,000; Year 2, $350,000; Year 3, $395,000. Residual value of the investment would be $50,000. The company uses a discount rate of 12% and the initial investment is $400,000. Calculate the NPV of the investment.
Present value of $1:
$$\begin{array} { | r | r | r | r | r | } \hline & 11 \% & 12 \% & 13 \% & 14 \% \\\hline 1 & 0.901 & 0.893 & 0.885 & 0.877 \\\hline 2 & 0.812 & 0.797 & 0.783 & 0.769 \\\hline 3 & 0.731 & 0.712 & 0.693 & 0.675 \\\hline 4 & 0.659 & 0.636 & 0.613 & 0.592 \\\hline 5 & 0.593 & 0.567 & 0.543 & 0.519 \\\hline\end{array}$$