Happy dog soap company's weighted average cost of capital is 8%, and project Alpha has the same risk as the firms average project. Based on the cash flows, what is project alphas net present value? Answer choices: 200,922 or 800,922 or 1,400,922 or 961,106Happy dogs soap company's decision to accept or reject project Alpha is independent of its decisions on other projects. If the firm follows the NPV method, it should ___ project Alpha. Answer choices: accept or reject

1. Net present value (NPV) Evaluating cash flows with the NPV method The net present value (NPV) rule is considered one of the most common and preferred criteria that generally lead to good investment decisions. Consider this case: Suppose Happy Dog Soap Company is evaluating a proposed capital budgeting project (project Alpha) that will require an initial investment of $600,000. The project is expected to generate the following net cash flows: Year Cash Flow Year 1 $350,000 Year 2 $475,000 Year 3 $450,000 Year 4 $425,000