3. Net present value method Aa AaE Consider the case of Sutherland Enterprises: Sutherland Enterprises is evaluating a proposed capital budgeting project that will require an initial investment of $164,000. The project is expected to generate the following net cash flows: Cash Flow Year $44,200 Year 1 Year 2 $51,600 $48,300 Year 3 $47,400 Year 4 Assume the desired rate of return on a project of this type is 11%. What is the net present value of this project? -$15,760.07 $7,505.40 $23,914.50 -$18,163.50 Suppose Sutherland Enterprises has enough capital to fund the project, and the project is not competing for funding with other projects. Should Sutherland Enterprises accept or reject this project? Reject the project Accept the project