3. Net present value method Rydell Corporation is evaluating a proposed capital budgeting project that will require an initial investment of $160,000. The project is expected to generate the following net cash flows: Assume the desired rate of return on a project of this type is 11%. The rot present value of this project is Suppose Rydell Corporation has enough capital to fund the project, and the project is not competing for funding with other projects. Should Rydell Corporation accept or reject this project? Reject the project Accept the project Assume the desired rate of return on a project of this type is 11%. The net present value of this project is Suppose Rydell Corporation has enough capital to fund the project, and the project is not competing for fu Corporation accept or reject this project? mrojects, Should Rydell Reject the project Accept the project