3. Assume a project is expected to provide a positive cash flow of $14,000 per year for the next 5 years followed by a clean-up cost of 10,000 for year 6. Given the initial cost or dollar outlay today is $50,000, answer the following:

1. If the wacc = 8%, what is the NPV for the project? ______________(Show your work by providing the inputs and outputs for the financial calculator.)
2. If the wacc = 16%, what is the NPV for the project? _____________
3. At what interest rate, would NPV equal 0? _____________(Hint: calculate IRR) ______________(Show your work by providing the inputs and outputs for the financial calculator.)