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

Initial investment$380,000

Annual cash flow$133,000per year

Expected life of the project4years

Discount rate13%

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

• $15,542
• $380,000
• $(247,000)
• $(15,542)