A project to reduce cost at ABC ltd has been proposed.it will require a cash outlay of 800,000 and the project will generate cost savings 300,000 in year 2 and in 600,000 in year 3.the company's cost of capital is 8% . What is the net present value (NPV) of the project? Select one: 66,530 negative or 7,250 negative or 66,530 positive or 7,850 negative