A project that costs $2,200 to install will provide annual cash flows of $570 for the next 5 years. The firm accepts projects with payback periods of less than 4 years.

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

b.Will the project be accepted?

c-1.What is project NPV if the discount rate is 3%?(Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)

c-2.Should this project be pursued?

d-1.What is project NPV if the discount rate is 10%?(Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)

d-2.Should this project be pursued?

e. Will the firm's decision change as the discount rate changes?