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: (Round your intermediate calculations and final answer to the nearest whole dollar amount.)

A) $400,000

B) $(21,070)

C) $21,070

D) $(270,000)