Goergen Corporation Is Considering a Capital Budgeting Project That Would

Goergen Corporation is considering a capital budgeting project that would require an initial investment of $700,000.The investment would generate annual cash inflows of $267,000 for the life of the project,which is 4 years.The company's discount rate is 10%.The net present value of the project is closest to:

A) $368,000
B) $846,123
C) $146,123
D) $700,000