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

Initial investment	$200,000
Annual cash flow	$123,000	per year
Expected life of the project	4	years
Discount rate	10%

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.)

$189,787

$(189,787)

$200,000

$(77,000)