Question: Please answer the following. If correct, I will make sure to thumbs up. Thank you! 3. Net present value method Consider the case of Ewing

 Please answer the following. If correct, I will make sure to Please answer the following. If correct, I will make sure to thumbs up. Thank you!

3. Net present value method Consider the case of Ewing Corp.: Ewing Corp. is evaluating a proposed capital budgeting project that will require an initial investment of $128,000. The project is expected to generate the following net cash flows: Year Year 1 Year 2 Year 3 Year 4 Cash Flow $38,800 $50,700 $45,600 $42,900 Assume the desired rate of return on a project of this type is 9%. what is the net present value of this project? O-$12,903.30 O $23,914.50 O $15,872.52 O -$7,244.50 Suppose Ewing Corp. has enough capital to fund the project, and the project is not competing for funding with other projects. Should Ewing Corp. accept or reject this project? O Reject the project Accept the project

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