TB MC Qu$.14-36($Algo$)$ Moates Corporation has...

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

Initial investment

Annual cash flow

Expected life of the project

Discount rate

$$190,000$

$$120,000$ per year

$4$ years

$9\%$

Click here to view Exhibit $14$B$-1$ and Exhibit $14$B$-2,$ to determine the appropriate discount factor$($s$)$ using the tables provided.

The net present value of the project is closest to:

Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.

Multiple Choice

$$190,000$

$$198,680$

$$(70,000)$