Assume that you are evaluating an investment that requires you to invest 10,000 Baht per year for 3 years (the beginning of year 1-year3). Following this you will not receive anything for two years, then you will receive 20,000 Baht for 3 years. If the cost of capital is 12%, should this project be accepted?*

Yes, because the project NPV is 3,239.

Yes, because the project NPV is 13,627.

Yes, because the project NPV is 3,627.

Yes, because the project NPV is 9,174.