Stomberg Corporation has provided the following data concerning an investment project that it is considering: Initial investment$550,000 Annual cash flow $180,000per yearSalvage value at the end of the project 14,000 Refer to Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.The life of the project is 4 years. The company's discount rate is 10%. The net present value of the project is closest to:
A. $579,982
B. $29,982
C. $184,000
D. $20,420
Answer: B
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