4. Net present value method Darling Engineering 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 1 $43,600 2 $51,500 3 4 $48,000 $46,900 Assume the desired rate of return on a project of this type is 9%. The net present value of this project is $30,000.00 Suppose Darling Engineering has enough capital to fund the project, and the project is not competing for Engineering accept or reject this project? er projects. Should Darling -$6,363.53 -$350,000.00 Reject the project Accept the project $190,000.00