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Moates Corporation has provided the following data concerning an investment project that it is considering: Initial investment $ 400,000 Annual cash flow $ 130,000 per

Moates Corporation has provided the following data concerning an investment project that it is considering: Initial investment $ 400,000 Annual cash flow $ 130,000 per year Expected life of the project 4 years Discount rate 9 % Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the project is closest to:

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