Fimbrez Corporation has provided the following data concerning an investment project that it is considering:

Initial investment $400,000

Annual cash flow $130,000 per year

Expected life of the project 4 years

Discount rate 9%

Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using table.

The net present value of the project is closest to: (Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount.)

a. $21,070

b. $400,000

c. $(270,000)

d. $(21,070)