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Moates Corporation has provided the following data concerning an investment project that it is considering: Initial investment Annual cash flow Expected life of the project

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Moates Corporation has provided the following data concerning an investment project that it is considering: Initial investment Annual cash flow Expected life of the project Discount rate $410,000 $117,000 per year 4 years 9% 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: Multiple Choice O $378,963 $378,963 $(31,037) $410,000 $58,000

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