Porus Corp has provided the following data concerning a four year investment project that it is considering: Initial investment in equipment Annual cash flows Salvage value of equipment at the end of the project $ 500,000 $ 250,000 per year $ 16,000 If the company's discount rate is 12%, the net present value of the project is closest to: (factors from Exhibit 12B-1 and Exhibit 12B-2 for an interest rate of 12% are provided below). Periods Present Value of $1 Present Value of an Annuity of $1 0.893 1.690 2.402 3.037 0.893 0.797 .712 0.636 2 3 0 4 Multiple Choice $328176 o $259500 o $120000 o C o $269676