The net present value (NPV) rule is considered one of the most common and preferred criteria that generally lead to good investment decisions Consider this case Suppose Pheasant Pharmaceuticals 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 niet cash flows: Year Cash Flow Year 1 $375,000 Year 2 $500,000 Year 3 $400,000 Year 4 $475,000 Pheasarit Pharmaceuticals's weighted average cost of capital is 10%, and project Alphs has the same risk as the firm's average project. Based on the cash flows, what is project Alpha's net present nue (NPV)? $1,229,090 5829,090 $279,090 $994,900