S. Brett Elderedge company is considering an iron ore extraction project that requires an initial investment of $600,000 and will yield annual cash flows of $175,000 for 4 years. The company's hurdle rate is 9%, what is the NPV of the project? You must show your computation in order to receive credit, no partial credit given. 10% 0 8% 9% 0.917 1.783 2.57 1.73 2.487 2.531 3.99 3.791 5 6 4.486 4.355 5.03 5.53 5.995 4.86 8 9 10 5.206 5.74 6.24 5.759 1 6.418 6.145