ACC 444 Financial Management Fall 2022 QUESTION 1 Company X is planning to invest in a project. The analysts have provided the company with the following forecast data about the project Initial Investment = $23,500 Cash flows S 1 3000 2 3200 3 4000 4 4100 5 5200 6 6400 The table below provides the information about the required rate of return Risk free 3% rate Beta 1.6 Market 6.4 return The manager tries to use this information to determine whether to accept or reject it