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

Initial investment$100,000Working capital$73,000Annual cash flow$40,000per yearSalvage value at the end of the project$29,000The working capital would be released for use elsewhere at the end of the project in 4 years. The company's discount rate is 13%. The net present value of the project is closest to:

$8,486$36,737$89,000($36,263)