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

Initial investment $ $390,000$

Annual cash flow $ $127,000$ per year

Expected life of the project $4$ years

Discount rate $8\%$

Click here to view Exhibit $12$B$-1$ and Exhibit $12$B$-2,$ to determine the appropriate discount factor$($s$)$ using the tables provided.

The net present value of the project is closest to: $($Round your intermediate calculations and final answer to the nearest whole dollar amount.$)$

Multiple Choice

$$390,000$

$$30,624$

$$(263,000)$

$$(30,624)$