Our company is evaluating a project with the projected future annual cash flows shown as follows and an appropriate cost of capital of 8.50%: Period 0: $-154,000.; Period 1: $-52,000.; Period 2: $153,318.; Period 3: $95,000.; Period 4: $26,000.; Period 5: $2,300.; Compute the NPV statistic for the project and whether the company should accept or reject this project.

$19,441 / Reject

$15,998 / Reject

$70,618 / Accept

$22,977 / Accept

$19,441 / Accept

$15,998 / Accept

$22,977 / Reject