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7. A project that costs $975,934 14 to install will provide annual cash flows of $275,000.00 for each of the next 12 years a. Calculate

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7. A project that costs $975,934 14 to install will provide annual cash flows of $275,000.00 for each of the next 12 years a. Calculate the NPV if the discount rate is 15.40%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) NPV b. Is this project worth pursuing? Yes c. How high can the discount rate be before you would reject the project (ie. What is the projects IRR)? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Discount rale %

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