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please answer question completely using multiple choice Moates Corporation has provided the following data concerning an investment project that it is considering: Initial investment Annual

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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 $220,000 $129,000 per year 4 years 9% Click here to view Exhibit 78-1 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: (Round your intermediate calculations and final answer to the nearest whole dollar amount.) EXHIBIT 7B-1 Present Value of St +++ Periods 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 16% 179% 18% 19% 20% 21% 22% 23% 24% 25% 1 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0901 0.893 0.885 0.877 0.870 0.862 0.855 0.847 0.840 0.833 0.826 0.820 0.813 0.806 0.800 2 0.925 0.907 0.890 0.873 0.857 0.842 0.826 0.812 0.797 0.783 0769 0756 0743 0731 0 718 0706 0694 0.683 0672 0.661 0650 0.640 3 0.889 0.864 0.840 0.816 0.794 0772 0.751 0731 07120693 0675 0658 0641 0624 0609 0.593 0579 0.564 0.551 0.537 0.524 0.512 4 0.855 0.823 0.792 0.763 0.735 0708 0.683 0.659 0.636 0.613 0592 0.572 0552 0534 0.516 0.499 0.482 0.467 0.451 0.437 0.423 0.410 5 0.822 0.784 0.747 0713 0681 0650 0.621 0598 0.567 0,543 0519 0497 0476 0.456 0.437 0419 0.402 0386 0370 0355 0.3410328 6 0.790 0.746 0.705 0666 0630 0.596 0.564 0.535 0.507 0.480 0.456 0432 0.410 0.390 0.370 0.352 0335 0.319 0.303 0.289 0.275 0.262 7 0.760 0.711 0.665 0623 0.583 0.547 0.513 0482 0.452 0425 0.400 0.376 0.354 0.333 03140296 0.279 0.263 0.249 0.235 0.222 0.210 8 0.731 0677 0627 0582 0540 0502 0.467 0,434 0.401 0376 0351 0327 0.305 0.285 0.266 0249 0233 0.218 0204 0191 0.179 0168 9 0.703 0645 0.592 0.544 0.500 0.460 0.424 0391 0.361 0.333 0.308 0.284 0263 0.243 0.225 0209 0194 01800167 0.155 0.144 0134 10 0676 0.614 0.558 0508 0.463 0.422 0,386 0352 0322 0295 0.270 0247 0227 0208 0191 0176 0162 0149 0137 0.126 0116 0.107 11 0650 0.585 0527 0.475 0.429 0.388 03500317 0.287 0261 0237 0.215 0.195 0178 0162 0.148 0.135 0.123 0.112 0103 0.094 0086 12 0.625 05570.497 0.444 0397 0.356 0319 0286 0.257 0231 0208 0.187 0168 0152 0.137 0124 0112 0.102 0.092 0.083 0.076 0.069 13 0601 0.530 469. 0415 0368 0326 0290 0258 0229 0204 0182 0163 6145 0130 0116 0104 0093 0084 0075 0068 0061 0.055 14 0 577 0.505 0442 0.388 0.340 0.299 0.263 0232 0205 0181 0160 0141 0.125 011 0099 0.088 0078 0069 0062 0055 0.049 0.044 15 0.555, 0481 0.417 0.362 0315 0.275 0.239 0.209 0.183 0160 0140 0,1230108 0.095 0.084 0.074 0065 0057 0051 0.045 0.040 0.035 16 0534 0458 0.394 0339 0.292 0252 02180188 0163 0.141 012301070093 0081 00071 0062 0054 0047 0.042 0036 0032 0028 17 0.513 0436 0.371 0317 0270 0.231 0198 01700146 0125 0108 0093 0080 0069 0.060 0052 0045 0039 0.034 0.030 0.026 0.023 18 0.494 0416 0.350 0.296 0.250 0212 0180 0.153 01300111 0,095 0.081 0.069 0059 0,051 0044 0.038 0.032 0.028 0.024 0.021 0.018 19 0475 0.396 0331 0271 0232_0194 0164 0138 0.116 0098 0083 0.070 00600051 0043 0037 0031 0,027 0023 0020 00170014 20 0456 0.377 0.312 0.258 02150178 014901240104 0.087 0073 0.051 0.043 0.037 0031 0.026 0,022 0.019 0.016 0.014 0.012 21 0.439 0359 0294 0242 0.1990.164 01350112 0093 0.077 0064 0053 0044 0037 0.031 0.026 0022 0018 0.015 0.013 0011 0.009 22 0422 0.342 0.278 0226 0184 0 1500123 0101 0.003 0058 0056 0046 0038 0032 0.025 0.022 0018 0015 0.013 0.01 0.009 0007 23 0406 0326 0262 02110170 0138 0.112 0091 0.074 0060 0049 0040 0033 0027 0022 0.018 0015 0012 0.0100.009 0.007 0.006 24 0.390 0.310 0.247 0197 0158 0126 0102 0082 0056 0.053 0043 0035 0028 0.023 00190015 0.013 0010 0.008 0.007 0006 0005 25 0375 0295 0233 0.184 0146 0.116 0092 0074 0059 0.047 0038 0030 002400200016 0.013 0010 0.009 0.007 0.006 0.005 0.004 26 0 361 0281 0220 0172 01350106 0.084 0.066 0.053 0042 0033 0.026 0021 0.01 0.014 0.0.11 0.009 0.007 0.006 0.005 0,004 0.003 27 0347 0268 0.207(161 0125 0098 0076 0060 0047 0.037 0029 0023 0.0180014 001 0.0090.007 0,006 0.005 0004 0003 0002 28 0.333 0255 01960.1500116 009010059 0054 0.042 0.033 0.025 0.020 0016 1010 0.008 0.005 0.005 0.004 0.003 0.002 0002 29 0321 0243 0.185 0141 0107 0.082 0.063 0.048 0.037 0022 0.017 0008 0.0060005 0.0040.003 0.002 0.002.000Z 30 01 308 0231 0174 0131 0 099 0.075 1.057 0044 03 0.026 0020 05 0.012 0007 005 A 0003 0003 0002 -0.002 0.001 40 0 2080142 - 0097 0057 0.046 OD32 9022 0015 0.011 003 002 0001 0001 000 0000 0000 0000 0000 0.000 EXHIBIT 7B-2 Present Value of an Annuity of $1 in Arrears: Periods 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 21% 22% 23% 24% 25% 1 0.962 0.952 0.943 0935 0.926 0.917 09090901 0893 0885 0877 0.870 0.862 0.855 0847 08400833 0.826 0820 0813 0.806 0.800 2 1886 1859 1.833 1808 1783 1759 1.736 1713 1690 1668 1647 1626 1605 1585 1566 1547 1528 1509 1492 1474 1457 1440 3 2.775 2723 2673 2624 2577 2531 2.487 2444 2402 2361 2322 2283 2246 2210 2174 2.402106 2074 2042 2.011 1981 1952 4 3.630 3546 3.465 3.387 3312 3240 3170 3.102 3037 2974 294 2855 2798 2743 2690 2639 2589 2540 2494 248 2404 2362 5 4.452 4.329 4 212 4.100 3.993 3.890 3.791 3696 3.605 3.517 3.433 3352 3274 3199 3127 3058 2991 2926 2854 2803 2.745 2689 6 5.242 5076 4.917 4.767 4.623 4.486 4355 4231 4111 3.998 3889 3.784 3.685 3.589 3498 3.410 3.326 3.245 3167 3092 3.020 2951 7 6002 5786 55825389 5206 5033 4868 4712 4564 4423 A288 4160 1039 3922 3812 3706 3.605 3.508 3416 3327 3212 3161 8 6733 6.463 6.210 5.971 5.747 5.535 5335 5.146 4 968 47994,639 4487 4.344 4.207 4.078 3.954 3.837 3.726 3619 3.518 3.421 3.329 9 7435 7108 6 802 6,515 6 247 5.995 5759 5537 5328 532 4946 477 4607 4451 4303 4163 4031 3905 3786 3.673 3.566 3.463 10 8111 7722 7360 7024 6710 6 418 6.145 5889 5650 5426 5216 5019 4833 4659 4494 43394192 4054 3923 3799 3682 3571 11 8.760 8.306 7887 7499 7139 6805: 6.495 6 207 5.938 5.687 5453 5.234 5.029 4836 4656 4.486 4.327 4177 4.035 3.902 3.776 3.656 12 93858.863 8384 7943 7536 7161 6 814 6 492 6194 5 918 5660 5421 5197 1988 47934611 4439 4278 41273.985 3851 3725 13 9.986. 9.394 8853 8.358 7904 7487 7103 5750 6.424 6122 5 842 $583 5312 5 118 4910 4715 4533 4362 4.203 4.053 3912 3780 14 10.563 9.899 9.295 8.745 8.244 7786 7367 6.982 6.628 6302 G002 5.724 5.468 5229 5:008 4802 4611 4.432 4265 4108 3.962 3.824 15 11.118 10.3809712 9108 8.559 8061 7506 7191 6.811 6462 6142 5.847 5575 5324 5092 4876 46754489 4315 4153 4001 3.859 11652 10.838 10106 9.447 8.851 8313 7.824 7379 6.974 6604 6 265 5.954 5668 5 405 5162 4938 4730 4536 4357 4.189 4.033 3.887 17 12.166 11274 10.477 9763 9.122 8544 8022 7549 7120 6729 61373 61047 5749 5.475 5222 4990 4775 4.576: 4391 4219 4059 3.910 TA 1265917690 10 828 10.059 9.372 8756 8.2017702 7.250 6840 5467 6128 5.818 5534 527350334812 4608 4419 4243 4080 3928 19 3134 12.08515158 10.336.9604 8.950 8.365 7839 7366.6438 6550 15198 5872 5.584 5 316 5070 4843 4535 4.442 4.263 4.097 3.942 20 13.590 12 462 11470 10.594 9.818 9129 8.514 7963 7469 7025 G023 8259 5.929 5.628 5353 5101 4870 4657 4460 4279 4110 3.954 21 4029 1282111764 10836 09 9.292 8549 075 7.562|7102 6587 5 312 5973 5665 5384 5127 4891 4675 4,475 1292 4121 3963 22 14451_13.163 12.042 11:061 10 201 9:442 87728776 7645 2170 67435359 601 5.696 5410 5149 4.909 4.690 4488 4302 4130 3.970 23 18.857 13.489 12 303 11 272 10 371 9.580 8883 82156 7718 32308792 399. 6044 5723 5432 5167 4925 47034499 4311 4.137 3.976 24 15247 13.7992556 1146910529 9.707 8985 8318 7784 786 IS 434 60735716 5,451 5182 937 4.713 4.507 438 4143 3981 25 15622 14.094 12,783 116540.625 9823 9.071 8422 783 230 6873 454 6097 5.7665.482 511954.948 4.721 4.514 4.323 4.147 3985 26 55.98334375 13003 R261081099299161 848 786 78726 906 491 6118 5.78356805.2016 295 4.728 4520 4328 4151 3988 23 16:330 14643 13211 1198710985 10 7 923 489370961935 51635 579892 5215 4964 4734 4.524 4332 41543990 28 56.663 14898 13:406 12137110511016 30 602 79847441 AGB 56152 505 502 S224970.4709 4.528 4335 4157 3-992 29 15 98415111 1 591 12.2781115198 90708650 8002770981591610558205510514.97534531 37 4159 3994 1729215372 13.705. 12 og 11 258 10 274 644 8055741950 506175.82955123549945. 4534 4339 4.160 3995 3.999 19793 17159 15:046 3332 11925059790224 7634 705 MARS 5518 525 92 404544 4347 4166 Multiple Choice O $197,831 O $220,000 $(91.000) O $(197,831)

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