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 $160,000. The project is expected to generate the following net cash flows: Year Cash Flow Year 1 $43,600 $51,500 Year 2 Year 3 $48,000 Year 4 $46,900 Assume the desired rate of return on a project of this type is 11%. What is the net present value of this project? (Note: Do not round your intermediate calculations.) O $12,930.50 O $15,845.40 O $18,163.50 O -$23,773.90 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? O Reject the project Accept the project