VI Company has provided the following data concerning an investment project that it is considering:

Initial investment	$230,000
Annual cash flow	$132,000	per year
Expected life of the project	4	years
Discount rate	12%

Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factor(s) using tables.

The net present value of the project is closest to: (Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount.)

$(171,016)

$230,000

$(98,000)

$171,016