3.Knoko Systems is considering a capital budgeting project with a life of five years that requires an outlay of $90,000. It has free cash flows each period as shown in the following distribution: P(FLF) FLF ER 0.10 $ 0 0 0.20 12,500 2500 0.40 37,500 15,000 0.20 43,750 8,740 0.10 50,000 5,000 a. Assuming a risk-adjusted required rate of return of 0.20 is appropriate for projects of this level of risk, calculate the risk-adjusted net present value of the project. (20 marks) b. Should the project be accepted