Larry's lanterns is considering a project which will result in a NPAT of R14 400 per year for the next 5 years. the project will cost R290 000 and be depreciatiated straight-line to a book value of zero over the life of the project. Larry's has a required accounting return of 8%. the project should be ....because the ARR is...

select one: 1. accepted; 8.28% 2. rejected; 4.14% 3. rejected; 8.28% 4. rejected; 6% 5. accepted; 9.93%