A firm evaluates all of its projects by applying the NPV decision rule. A project under consideration has the following cash flows:

Year	Cash Flow
0	$ 27,600
1	11,600
2	14,600
3	10,600

What is the NPV for the project if the required return is 10 percent?

At a required return of 10 percent, should the firm accept this project?

What is the NPV for the project if the required return is 26 percent?

At a required return of 26 percent, should the firm accept this project?