You are analyzing a proposed project and have compiled the following information:

WACC (Required Return): 8.00%

Year	0	1	2	3
Cash flows	-$200,000	$70,000	$80,000	$90,000

Required payback period: 2 years

Required discounted payback period: 2.5 years

What is the net present value of the proposed project? Do you think the company should accept the project?

		4,846.82; reject
		4,846.82; accept
		40,000; reject
		40,000; accept