A company has provided the following data concerning an investment project that it is considering: Initial investment Annual cash flow $ SS Present value factors: Present value of $1 table: 4 years 8%= 0.735 480,000 145,000per year Present value of annuity table: 4 years 8% -3.312 The life of the project is 4 years. The company's discount rate is 8%. The net present value of the project is closest to: $480,240 $480,000 O $100,000 $240