Widget Corp. is evaluating a proposed capital budgeting project (project Beta) that will require an initial investment of $3,225,000. The project is expected to generate the following net cash flows: Year Cash Flow Year 1 Year 2 $350,000 $450,000 $450,000 $425,000 Year 3 Year 4 Widget Corp.'s weighted average cost of capital is 7%, and project Beta has the same risk as the firm's average project. Based on the cash flows, what is project Beta's NPV? O -$1,463,285 O -$2,085,278 $1,411,715 0 - $1,813,285 Making the accept or reject decision Widget Corp.'s decision to accept or reject project Beta is independent of its decisions on other projects. If the firm follows the NPV method, it should project Beta. accept reject