A manufacturing company is evaluating a potential expansion project that requires an initial investment of $500,000. The project is expected to generate cash inflows of $150,000 per year for the next 5 years. However, there is uncertainty regarding the project's cash flows, with a 40% probability of generating only $100,000 per year. Using the net present value (NPV) method and a discount rate of 10%, determine whether the project should be undertaken. Discuss the limitations of NPV analysis in the context of evaluating projects with uncertain cash flows and propose alternative methods to account for this uncertainty.