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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 $250,000 $138,000 per year 4 years 11% 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.)

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