ABC Company has provided the following data concerning an investment project that it is considering: Initial investment $160,000 Annual cash flow $54,000 per year Salvage value at the end of the project $11,000 Expected life of the project 4 years 15% Discount rate Dartial present value tables follow: Partial present value tables follow: PV of $1 Periods 12% 13% 14% 15% 16% 1 0.893 0.885 0.877 0.870 0.862 2 0.797 0.783 0.770 0.756 0.743 3 0.712 0.693 0.675 0.658 0.641 4 0.636 0.613 0.592 0.572 0.552 5 0.567 0.543 0.519 0.497 0.476 PV of an annuity of $1 Periods 12% 13% 14% 15% 16% 1 0.893 0.885 0.877 0.870 0.862 2 1.690 1.668 1.647 1.626 1.605 3 2.402 2.361 2.322 2.284 2.246 4 3.037 2.975 2.9147 2.856 2.798 5 3.605 3.517 3.433 3.353 3.274 The net present value of the project is closest to: O $160,516 O $516 ($5,776) O $67,000