Aerospace Dynamics will invest $160,000 in a project that will produce the following cash flows. The cost of capital is 10 percent. (Note that the fourth years cash flow is negative.) Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods.

Year	Cash Flow
1		$	49,000
2			60,000
3			70,000
4			(51,000	)
5			150,000

a.	What is the net present value of the project?