An investment project has only the following cash flows: initial cash outflow is $2,000,000; cashflow from year 1 through year 8 is $400,000 each (i.e. cash inflow in year 1 400,000, cash inflow in year 2 is 400,000, etc).

If the required rate of return is 12%, what decision should be made using NPV?

Reject; the NPV is -$12,944
	Reject; the NPV is -$6,433
	Accept; the NPV is $12,944
	Accept; the NPV is $6,433