A company is considering a project with the following cash flows and assumed discount rate of 20%.

Initial outlay: $5,000

year 1: $3000

year 2: $3500

year 3: $3,200

year 4: $2,800

year 5: $2,500

What should this firm decide based on the net present value )NPV)?

a- Accept the project since the NPV is negative

b- Accept the project since the NPV is positive

c- Reject the project since the NPV is positive

d- Reject the project since the NPV is negative