Noble Inc. is considering a four-year project that has an initial after-tax outlay or after-tax cost of $ 110,000 . The future cash inflows from its project are $30,000, $25,000, $50,000 and $40,000 for years 1, 2, 3 and 4, respectively. Noble uses the net present value method and has a discount rate of 10 %. Will Noble accept the project?
Group of answer choices
Noble rejects the project because the NPV is -$3,021
Noble accepts the project because the NPV is greater than $3000
Noble accepts the project because the NPV is greater than $2800
Noble rejects the project because the NPV is less than -$4,000
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