9. Barnes Company is considering investing in a project with the cash flows shown as follows, and that the required rate of return on projects of this risk class is 7 percent.

Time 0 1 2 3 4 5

Cash flow -235,000 50,000 80,000 105,000 75,000 95,000

Using only the NPV decision rule to evaluate this project; should it be accepted or rejected?

Calculate the NPV. And calculate the payback.