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	$ 28,900
1	12,900
2	15,900
3	11,900

What is the NPV for the project if the required return is 11 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

NPV:

At a required return of 11 percent, should the firm accept this project?

multiple choice 1

Yes

No

What is the NPV for the project if the required return is 25 percent? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

NPV:

At a required return of 25 percent, should the firm accept this project?

multiple choice 2

Yes

No