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For a capital budgeting project, an initial investment of $103,546.02 is required and the cost of capital is 7%. Expected cash flows of the

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For a capital budgeting project, an initial investment of $103,546.02 is required and the cost of capital is 7%. Expected cash flows of the project are given below: Cash Flow ($) 3,300 Years 1 12 65,500 13 40,400 14 43,000 What is the NPV of the project? Will the project be accepted? O $22,306. No, the project will be rejected. O $23,658. Yes, the project will be accepted. $22,756. Yes, the project will be accepted. O $21,855. No, the project will be rejected. O $22,531. Yes, the project will be accepted. C

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