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 14B-1 Links to an external site. and Exhibit 14B-2 Links to an external site., 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:

A. $184,000

B. $579,982

C. $29,982

D. $20,420