Correl Corporation has provided the following data concerning an investment project that it is considering: Initial investment $220,000 Annual cash flow $75,000 per year Maintence overhaul at end of year 2 $25,000 Salvage value at the end of the project $10,000 The present value of $1, 4 years, 7% = 763 The present value of an annuity $1, 4 years, 7% = 3.387 The present value of $1, 2 years, 7% = .873 The present value of an annuity $1, 2 years, 7% = 1.808 The life of the project is 4 years. The company's discount rate is 7%. The net present value of the project is closest to: 41,700 62,000 24,200 95,000