Mabinogion Motors has a proposed investment project with the following series of cash flows. Management requires an 8 percent rate of return on projects of this risk level and has a policy of not accepting projects with a payback period of more than three years. Should this project be accepted or rejected? What is it's NPV? 0-100,000 1 30,000 245,000 355,000 4 30,000 5 10,000 Reject ... NPV = $35,996 Accept ... NPV = $38,876 Accept ... NPV = $138,876 Accept ... NPV = $238,876