A new computer system will require an initial outlay of $23,000, but it will increase the firm's cash flows by $4,600 a year for each of the next 8 years.

a.Calculate the NPV and decide if the system is worth installing if the required rate of return is9%.(Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to 2 decimal places.)

b.Calculate the NPV and decide if the system is worth installing if the required rate of return is14%.(Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to 2 decimal places.)

c.How high can the discount rate be before you would reject the project?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)