A firm is considering purchasing new equipment that will cost 650,000 SAR. The equipment is expected to generate positive cash flows over the next four years in the amounts of 320,000 SAR in year one, 325,000 SAR in year two, 175,000 SAR in year three, and 120,000 SAR in year four. Its required rate of return is 8%. What is the net present value of this project? Is this project acceptable or not based on the NPV?

		-154,089 SAR, reject
		-160,328 SAR, reject
		156,320 SAR, accept
		152,056 SAR, accept