A project costs $128,000 today (at t = 0) and is expected to generate cash flows of $11,000 per year for the next 20 years (t =1 to t = 20). The present value of the 20 positive cash flows is $ 108,000. The firm has a cost of capital of 8 percent. Should this project be accepted, and why? Hint: The NPV can be estimated by simple subtraction. Yes, the project should be accepted since it has a NPV = $ 20,000 O No, the project should be rejected since it has a NPV = - $ 20,000 Yes, the project should be accepted since it has a NPV = $ 236,000 None of the options are correct