You are considering a project that will produce an operating cash flow of $120,000 a year for three years. You need to buy an equipment that costs $300,000 and is expected to be depreciated straight-line to zero at the end of year 3. The project will require a net working capital of $ 1,000 in year 0, $1,000 in year 1, $ 1,000 in year 2, $0 in year 0. The equipment can be sold at the end of the project for $50,000 and the corporate tax rate is 21%. Using the NPV rule at a discount rate of 15%, should you accept or reject this project? Why? (Please round, if necessary, your nal answer to two decimal places)