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Ewing Inc. is evaluating a proposed capital budgeting project that will require an initial investment of $149,000. The project is expected to generate the following

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Ewing Inc. is evaluating a proposed capital budgeting project that will require an initial investment of $149,000. The project is expected to generate the following net cash flows: Year Cash Flow $41,800 1 2 $51,200 3 $47.100 4 $45,400 Assume the desired rate of return on a project of this type in 11%. The net prezent value of this project is Suppose Ewing inc. has enough capital to fund the project, and the project is not competing for funding with other projects. Should Ewing Inc. accept or reject this project? Accept the project Reject the project

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