3. Net present value method Consider the case of Rydell Corporation: Rydell Corporation is evaluating a proposed capital budgeting project that will require an initial investment of 108,000. The project is expected to generate the following net cash nows Year Cash Flow Year 1 $35,800 Year 2 $50,200 Year 3 $44,100 Year 4 $10,400 Assume the desired rate of return on a project of this type is 10%. What is the net present value of this project? (Note: Do not found your intermediate calculations.) 0-18,163.50 0-57,244,50 O 513,065.40 $26,759.78 Suppose Rydell Corporation has enough capital to fund the project, and the project is not competing for funding with other projects. Should Rydell Corporation accept or reject this project? Accept the project Reject the project