The Rowing Corp invested in a four-year project having an IRR of 13% and net cash inflows of $20,000, $40,000, $50,000 and $40,000 in years 1-4, respectively. Given the present value of $1 as 0.88496 (1 period), 0.78315 (2 periods), 0.69305 (3 periods), and 0.61332 (4 periods), how much will the project cost?