JVA corporation is considering investing in a new project with the estimated cash flows shown below. Compute the NPV for the project and recommend whether the firm should accept or reject it. The required rate of return or cost of capital is 8%. Time Cash Flow $7.05, accept. $2.49, accept. -$3.11, reject $3.55, accept. 0 1 -100 20 2 3 44 64