A company is considering an iron ore extraction project that requires an initial investment of $500,000 and will yield annual cash flows of $150,000 for 4 years.The company's hurdle rate is 9%.What is the NPV of the project? 
Definitions:
Flooded
Describes areas that have been overwhelmed with water, often due to excessive rainfall, river overflow, or dam failure.
Terrace
A relatively level or gently inclined surface or bench bounded on one edge by a steeper descending slope.
Entrenched Meanders
Deeply incised meanders in a river or stream that retain their winding course because the land elevation change has been rapid compared to the lateral motion of the river.
Base Level
The lowest point to which a river or stream can erode its channel, often sea level for rivers.
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