3. Net present value method Consider the case of Darling Enterprises: Darling Enterprises is evaluating a proposed capital budgeting project that will require an initial investment of $128,000. The project is expected to generate the following net cash flows: Year Cash Flow Year 1 $38,800 Year 2 Year 3 Year 4 $50,700 $45,600 $42,900 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.) $23,914.50 -$15,732.70 -$10,073.90 $15,872.51 Suppose Darling Enterprises has enough capital to fund the project, and the project is not competing for funding with other projects. Should Darling Enterprises accept or reject this project? Reject the project Accept the project