Allenwood Inc. has provided the following data concerning an investment project that it is considering:

Allenwood Inc. has provided the following data concerning an investment project that it is considering:

Initial investment	$	140,000
Annual cash flow	$	54,000	per year
Salvage value at the end of the project	$	11,000
Expected life of the project		4	years
Discount rate		15	%

Use Exhibit 7B-1 and Exhibit 7B-2 in your textbook page 399-400, to determine the appropriate discount factor(s).

The net present value of the project is closest to:

Group of answer choices

$67,000

-$160,516

$6,292

$20,462

Use Exhibit 7B-1 and Exhibit 7B-2 in your textbook page 399-400, to determine the appropriate discount factor(s).

The net present value of the project is closest to: