Aerospace Dynamics will invest $182,000 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		$	40,000
2			52,000
3			46,000
4			(60,000	)
5			142,000

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