The net present value (NPV) rule is considered one of the most common and preferred that generally lead to good investment decisions. Consider this case: Suppose Fuzzy Button Clothing Company is evaluating a proposed capital budgeting project (project Alpha) that will require an initial Investment of $500,000. The project is expected to generate the net cash flows: Fuzzy Button Clothing Company's cost of capital is 8%, 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)? $1,392,974 $792,974 $1,117,974 $1,242,974