Net present value. Lepton Industries has a project with the following projected cash flows: 3: a. Using a discount rate of 12% for this project and the NPV model, determine whether the company should accept or reject this project. b. Should the company accept or reject it using a discount rate of 17%? c. Should the company accept or reject it using a discount rate of 22%? a. Using a discount rate of 12%, this project should be . (Select from the drop-down menu.) Data Table - X (Click on the following icon in order to copy its contents into a spreadsheet.) Initial cost: $462,000 Cash flow year one: $129,000 Cash flow year two: $200,000 Cash flow year three: $188,000 Cash flow year four. $129,000 Print Done