A company has provided the following data concerning an investment project that it is considering: Initial investment $ 160,000 Annual cash flow $ 54,000per year Salvage value at 11,000 the end of the project Expected life of the project Discount rate Present value factors: Present value of $1 table: 4 years 15% = 0.572 Present value of annuity table: 4 years 15% = 2.856 The net present value of the project is closest to: $516 O $67,000 $(5,776) $160,516 4years 15%