7 A project that costs $2,000 to install will provide annual cash flows of $550 for the next 5 years. The firm accepts projects with payback periods of less than 3 years. 10 points eBook a. What is this project's payback period? (Round your answer to 3 decimal places.) b. Will the project be accepted? c-1. What is project NPV if the discount rate is 2%? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.) c-2. Should this project be pursued? d-1. What is project NPV if the discount rate is 12%? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.) d-2. Should this project be pursued? e. Will the firm's decision change as the discount rate changes? Print References Years b. C-1. c-2 d-1. Payback period Will the project be accepted? NPV of the project if the discount rate is 2% Should this project be pursued? NPV of the project if the discount rate is 12% Should this project be pursued? Will the firm's decision change as the discount rate changes? d-2 e