Net present value. Lepton Industries has three potential projects, all with an initial cost of $1,600,000. The capital budget for the year will allow Lepton to accept only one of the three projects. Given the discount rate and the future cash flow of each project in the following table , determine which project Lepton should accept.

i Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) Cash Flow Year 1 Year 2 Year 3 Project Q $400,000 $400,000 $400,000 $400,000 $400,000 10% Project R $500,000 $500,000 $500,000 $500,000 $500,000 13% Project S $900,000 $700,000 $500,000 $300,000 $100,000 18% Year 4 Year 5 Discount rate Print Done