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The Cyclone Golf Resorts is redoing its golf course at a cost of $2,064,000. It expects to generate cash flows of $400,000 $1,000,000, and $2,000,000

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The Cyclone Golf Resorts is redoing its golf course at a cost of $2,064,000. It expects to generate cash flows of $400,000 $1,000,000, and $2,000,000 over the next three years. If the appropriate discount rate for the firm is 25 percent, should Cyclone Golf Resorts accept the project? No, Cyclone Golf Resorts should NOT accept the project. Yes, Cyclone Golf Resorts should accept the project. NPV is zero so Cyclone Golf Resorts should be indifferent about accepting or rejecting the project. None of the above

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