Calculate the Net Present Value (NPV) of the PROJECT X and determine whether the project should be accepted or rejected. (Round to the nearest figures)

Select one:

A. RM2,681; the project should be accepted.

B. -RM3,506; the project should be rejected.

C. -RM2,681; the project should be rejected.

D. RM3,506; the project should be accepted.

Use the following information to answer ALL QUESTIONS on PROJECT X: Suppose that the PROJECT X with an initial investment of RM30,000 has the following annual cash inflows: Year 1 2 5 4,000 3,500 8,000 12,000 8,000 Cash inflow (RM) The required rate of return is 8%