Consider a capital expenditure project to purchase and install new equipment with an initial cash outlay of $100,000. The project is expected to generate net after-tax cash flows each year of $6800 for ten years, and at the end of the project, a one-time after-tax cash flow of $11,000 is expected. The firm has a weighted average cost of capital of 7.5 percent and requires a 5-year payback on projects of this type. Determine whether this project should be accepted

-none of the listed choices are correct

-reject since NPV is -$152,012.88 and is less than zero

-accept since NPV = $52,012.88 and is greater than zero

-accept since NPV is $152,012.88 and is greater than zero

-reject since NPV is -$47,987.12 and is less than zero