Moates Corporation has provided the following data concerning an investment project that it is considering: Initial investment $ 370,000 Annual cash flow $ 121,000 per year Expected life of the project 4 years Discount rate 10 % 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.)

Multiple Choice $13,449 $370,000 $(249,000) $(13,449)