1. Net present value method Consider the case of Ewing Corporation: Ewing Corporation is evaluating a proposed capital budgeting project that will require an initial investment of $140,000. The project is expected to generate the following net cash flows: Assume the desired rate of return on a project of this type is 9%. What is the net present value of this project?(Note: Do not round intermediate calculations.) $21,109.30$7,244.50$7,534.00$23,773.90 Suppose Ewing Corporation has enough capital to fund the project, and the project is not competing for funding with other projects. Should Ewing Corporation accept or reject this project? Reject the project Accept the project