Suppose your firm is considering investing in a project with the cash flows shown as follows, that the required rate of return on projects of this risk class is 10 percent, and that the maximum allowable payback and discounted payback statistics for the project are three and a half and four and a half years, respectively. Use the NPV decision to evaluate this project; should it be accepted or rejected?

Time	0	1	2	3	4	5	6
Cash flow($s)	-85000	12000	11000	13000	21000	31000	32000

Group of answer choices

NPV = $1,766.55; accept the project

NPV = -$892.19; reject the project

NPV = $1,288.94; accept the project

NPV = -$3,577.90; reject the project