Net Present Value Calculation for Project Analysis

In capital budgeting, project analysis often involves evaluating the cash flows associated with a potential investment. One important method to assess the viability of a project is the Net Present Value (NPV). NPV calculates the difference between the present value of cash inflows and outflows over a project's lifetime.

Consider a project that requires an initial investment of $100,000 and is expected to generate cash inflows of $30,000 per year for four years. What is the NPV of the project at a discount rate of 10%?