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	$	28,000
1		12,000
2		15,000
3		11,000

What is the NPV of the project if the required return is 11%? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)

NPV $

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

Yes

No

What is the NPV of the project if the required return is 25%? (Negative answers should be indicated by a minus sign. Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)

NPV $

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

Yes

No