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Oakman Furniture makes wood furniture, specializing in kitchen tables and chairs. The beta for its kitchen furniture project is 1 . 3 . Oakman is

Oakman Furniture makes wood furniture, specializing in kitchen tables and chairs. The beta for its kitchen furniture project is 1.3. Oakman is considering expanding to also build office desks. Similar companies that make wood office desks have a beta of 1.8. If Oakman uses its normal beta value to calculate the discount rate for the new project, what will the outcome be?
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Oakman will be more likely to accept a negative NPV project.
Oakman will be more likely to accept a positive NPV project.
Oakman will be more likely to reject a negative NPV project.
Oakman will be more likely to reject a positive NPV project.

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