A capital investment project requires an investment of $145,000 and has an expected life of four years. Annual cash flows at the end of each year are expected to be $35,000 for year 1; $45,000 for year 2; $55,000 for year 3, and $50,000 for year 4. Compute the net present value for the project using an 8% per annum discount rate. You are required to calculate the discount factors to three decimal points. You are required to calculate the discount factors to three decimal points.