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



Initial investment $ 190,000
Annual cash flow $ 120,000 per year
Expected life of the project 4 years
Discount rate 9%


Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.

The net present value of the project is closest to: (Round your intermediate calculations and final answer to the nearest whole dollar amount.)