old Corporation is considering a project. The data for the 3 year project are given below. Should the manager of Gold Corporation accept this project? Use the NPV criteria to make your decision. Sales revenue, each year: $50,000 Variable costs, each year: $12,000 Fixed costs, each year: $0 Sunk costs: $30,000 Initial outlay: $45,000 Depreciation, each year: $15,000 Tax rate: 20% WACC: 12%

		The project should not be accepted because it has an NPV of -$15,179
		The project should be accepted because it has an NPV of $35,221
		The project should be accepted because it has an NPV of $41,441
		The project should be accepted because it has an NPV of $50,359
		The project should be accepted because it has an NPV of $125,221