Frankies,LLC. is thinking about a project that has an initial after-tax outlay of $150,000. The relevant future cash inflows from its four-year project for years 1 through 4 are: $60,000, $70,000, $75,000 and $70,000. Frankies wants to base their decision using the net present value method and has a discount rate of 12%. Will Frankies accept the project?

Frankies rejects the project because the NPV is about -$22,375.73.
		Frankies rejects the project because the NPV is about -$2,375.60.
		Frankies rejects the project because the NPV is about -$12,375.60.
		Frankies accepts the project because the NPV is greater than $10,000.00.