Suppose Celestial Crane Cosmetics is evaluating a proposed capital budgeting project (project Alpha) that will require an initial investment of $550,000. The project is expected to generate the following net cash flows: Year Cash Flow Year 1 $275,000 Year 2 $450,000 Year 3 $450,000 Year 4 475,000 Celestial Crane Cosmetics's weighted average cost of capital is 10%, and project Alpha has the same risk as the firm's average project. Based on the cash flows, what is project Alpha's net present value NPV)? $1,184,424 $734,424 O $1,009,424 $1,284,424 Making the accept or reject decision Celestial Crane Cosmetics's decision to accept or reject project Alpha is independent of its decisions on other projects. If the firm follows the NPV method, it should project Alpha. Flash Playar WITN 31,0,0,15 03 3.34.1 2004-20L6 Aplla. Al rights rearved. Grade It Now Save & Continue 2013 ceng ge Laarning c.ccpt as notod. AI nghts r served. Continue without saving Search Windows