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Consider the case of Rydell Manufacturing: Rydell Manufacturing is evaluating a proposed capital budgeting project that will require an initial investment of $164,000. The project

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Consider the case of Rydell Manufacturing: Rydell Manufacturing is evaluating a proposed capital budgeting project that will require an initial investment of $164,000. The project is expected to generate the following net cash flows: Year 1 Year 2 Year 3 Year 4 YearCash Flow $44,200 $51,600 $48,300 $47,400 Assume the desired rate of return on a project of this type is 11%, what is the net present value of this project? O $18,304.10 O -$15,358.30 O -15,760.07 O -$23,773.90 Suppose Rydell Manufacturing has enough capital to fund the project, and the project is not competing for funding with other projects. Should Rydell Manufacturing accept or reject this project? O Accept the project O Reject the project

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