Assume an investment has cash flows of $-$$$39,700,$$$21,750,$$$18,500,$ and $$12,500$ for Years $0$ to $3,$ respectively. What is the NPV if the required return is $12\mathrm{.}9$ percent? Should the project be accepted or rejected?

$$2,764\mathrm{.}89$; reject

$$1,684\mathrm{.}22$; accept

$$1,684\mathrm{.}22$; reject

$$2,764\mathrm{.}89$; accept

$$2,264\mathrm{.}95$; reject