Scoth Corporation is considering a capital budgeting project that would require an initial investment of $460,000 and working capital of $70,000. The working capital would be released for use elsewhere at the end of the project in 4 years. The investment would generate annual cash inflows of $190,000 for the life of the project. At the end of the 4 years, equipment that had been used in the project could be sold for $61,000. The company's discount rate is 9%. The net present value of the project is closest to: (the factors below for a 9% discount rate can be used to solve this problem): Periods Present Value of $1 Present Value of an Annuity of $1 1 0.917 0.917 2 0.842 1.759 3 0.772 2.531 4 0.708 3.240 Multiple Choice $361000 $198598 $68400 $178158