Consider the previous question with the following updated details: A company is considering a project that will last for 4 years with no residual value. The project has the following cash flows and details: Period 0: Cash flow =$165,000 (Cost of project) Period 1: Cash flow =$85,000, Net Income =$47,500 Period 2: Cash flow =$66,000, Net Income =$28,500 Period 3: Cash flow =$50,000, Net Income =$12,500 Period 4: Cash flow =$50,000, Net Income =$12,500 Average Book value =$75,000 The required annual return on projects of this is 8%. back within 3 years. True or False: Based on their evaluation method and decision rule, they SHOULD accept this project. True False