3. Net present value method Consider the case of Rydell Industries: Rydell Industries is evaluating a proposed capital budgeting project that will require an initial investment of $148,000. The project is expected to generate the following net cash flows: Year Cash Flow Year 1 $41,800 Year 2 $51,200 Year 3 $47,100 $45,400 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? (Note: Do not round your intermediate calculations.) O $23,914.50 0-$4,441.77 O $15,845.40 0 -$23,773.90 Suppose Rydell Industries has enough capital to fund the project, and the project is not competing for funding with other projects. Should Rydell Industries accept or reject this project? O Accept the project O Reject the project