Fado Corporation has provided the following data concerning an investment project that it Initial investment Working capital Annual cash flow Salvage value at the end of the project $770,000 $ 65,000 $274,000 per year $ 20,000 The working capital would be released for use elsewhere at the end of the project in 3 years and the company's discount rate is 8% Selected discount factor table Information has beqe provided below for use in your calculations: PV of $1: Periods 8% 1 0.926 2 0.857 3 0.794 4 0.735 5 0,681 PV of an Annuity of $1 Periods 8% 1 0.926 2 1.783 3 2.577 4 3.312 5 3.993 Based on this information, the net present value of the project is closest to