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A company needs an increase in working capital of $13,000 in a project that will last 4 years. The company's tax rate is 33% and

A company needs an increase in working capital of $13,000 in a project that will last 4 years. The company's tax rate is 33% and its discount rate is 10%.

Click here to view Exhibit 13B-1 to determine the appropriate discount factor(s) using table.
The present value of the release of the working capital at the end of the project is closest to: (Round discount factor(s) to 3 decimal places and your final answer to the nearest whole number.)

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