Acompany has provided the following data concening an investment project that it is considering:

Initiallimestment

Annual cash fow

$5,160,000$

Salvage value at

the end of the

project

Expected life of the

prolect

Discount rate

Ayears

$15\%$

Present value factors:

Present value of $$1$ table: $4$ years $15\%=0\mathrm{.}572$

Present value of annuity table: $4$ years $15\%=2\mathrm{.}856$

The net present value of the project is closest to:

$$160,516$

$$67,000$

$$516$

$$(5,776)$