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

Initial investment

$$410,000$

$$117,000$ per year

$4$ years

$98$

Annual cash flow

Expected life of the project

Discount rate

$$410,000$

$$117,000$ per year

$4$ years

$98$

Click here to view Exhibit $7$B$-1$ and Exhibit $7$B$-2,$ to determine the appropriate discount factor$($s$)$ using the tables provided.

The net present value of the project is closest to:

Multiple Choice

$$58,000$