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

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Accounting

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

Initial investment $ 400,000
Annual cash flow $ 130,000 per year
Expected life of the project 4 years
Discount rate 9 %

Click here to view Exhibit 13B-1 and Exhibit 13B-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.)

A) $400,000

B) $(21,070)

C) $21,070

D) $(270,000)

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