Idaho Industries Inc. is considering a project that has an initial after-tax outlay or after-tax cost of $350,000. The respective future cash inflows from its five-year project for years 1 through 5 are $75,000 each year. Idaho expects an additional cash flow of $50,000 in the fifth year. The firm uses the net present value method and has a discount rate of 10%. Will Idaho accept the project?

		Idaho accepts the project because it has an NPV greater than $5,000.
		Idaho rejects the project because it has an NPV less than $0.
		Idaho accepts the project because it has an NPV greater than $18,000.
		There is not enough information to make a decision.