A project will produce cash inflows of $ 1 , 750 a year for four years. The project initially costs $ 10,600 to get started. In year five, the project will be closed and as a result will produce a cash inflow of $ 8,500. What is the net present value of this project if the required rate of return is 13 percent?

Year	Cash Flow	PVIF (13% , n)	Present Value
0	(10,600)	1 .oooo	-10,600.00
1	1,750	0.8850	1,548.75
2	1,750	0.7831	1 ,370.43
3	1,750	0.6931	1,212.93
4	1,750	0.6133	1 ,073.28
5	8,500	0.5428	4,613.80
		NPV	-780.83