Smith and Company are considering investing in a project to streamline their production process. The cash flows are shown below. The required rate of return for projects of this class is 8%. Time Cash flow Use only the NPV decision rule to evaluate this project. Should the project be accepted or rejected? Calculate the NPV. 0 1 -650,000 95,000 2 3 4 5 6 85,000 25,000 35,000 25,000 10,000