Moates Corporation has provided the following data concerning an investment project that it is considering: Initial investment $ 370,000 Annual cash flow $ 121,000 per year Expected life of the project 4 years Discount rate 10% Click here to view Exhibit 7B-1 and Exhibit 7B-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the project is closest to: Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.

Multiple Choice

$370,000

$13,449

$(249,000)

$(13,449)