A project that costs $2,100 to install will provide annual cash flows of $560 for the next 5 years. The firm accepts projects with payback periods of less than 5 years.

a-1. What is this project's payback period? (Round your answer to 3 decimal places.)

a-2. Will the project be accepted?

b-1. What is project NPV if the discount rate is 4%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

b-2. Should this project be pursued?

b-3. What is project NPV if the discount rate is 11%? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)

b-4. Should this project be pursued?

b-5. Will the firm's decision change as the discount rate changes?