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McCall Industries is evaluating a proposed capital budgeting project that will require an initial investment of $172,000. The project is expected to generate the following

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McCall Industries is evaluating a proposed capital budgeting project that will require an initial investment of $172,000. The project is expected to generate the following net cash flows: Year Year 1 Year 2 Year 3 Year 4 Cash Flow $45,400 $51,800 $48,900 $48,400 Assume the desired rate of return on a project of this type is 10%, what is the net present value of this project? O $23,914.50 -$20,968.70 O $15,498.90 O -$18,120.21 Suppose McCall Industries has enough capital to fund the project, and the project is not competing for funding with other projects. Should McCall Industries accept or reject this project? O Accept the project O Reject the project

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