3. Net present value method Consider the case of McCall Manufacturing: Mccall Manufacturing is evaluating a proposed capital budgeting project that will require an initial investment of $112,000. The project is expected to generate the following net cash flows: Year Yeer 1 Year 2 year 3 Year 4 Cash Flow $36,400 S50,300 $44,400 $40,900 Assume the desired rate of return on a project of this type is 10%, what is the net present value of this project? 0-$15,358 30 O -$18,163.50 $23,954.79 $18,304 10 Suppose McCall Manufacturing has enough capital to fund the project, and the project is not competing for funcing with other projects. Should McCall Manufacturing accept or reject this project O Accept the project O Reject the project