Stomberg Corporation has provided the following data concerning an investment project that it is considering:

Initial investment	$	550,000
Annual cash flow	$	180,000	per year
Salvage value at the end of the project		14,000

Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided.

The life of the project is 4 years. The companys discount rate is 10%. The net present value of the project is closest to:

$20,420

$579,982

$184,000

$29,982