Project Delta Has the Following Cash Flows:CF 0 -$1,000,000CF 1

Multiple Choice

Project Delta has the following cash flows:CF 0 -$1,000,000CF 1 $100,000CF 2 $500,000CF 3 $500,000CF 4 $30,000If this project has a required rate of return of 22%,will management accept or reject the project?NPV @ r =22% = -$293,206 (rounded up)

A) Management would reject the project because the project has a NPV of $234,398.
B) Management would reject the project because the project has a NPV of -$293,206.
C) Management would reject the project because the project has a NPV of $293,206.
D) Management would reject the project because the project has a NPV of -$649,550.