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

initial investment :$191000
annual cash flow: $75000 per year
salvage value at end of prject: $25000

Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using table.

The life of the project is 4 years. The company’s discount rate is 15%. The net present value of the project is closest to