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A project that costs $2,700 to install will provide annual cash flows of $620 for the next 5 years. The firm accepts projects with payback

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A project that costs $2,700 to install will provide annual cash flows of $620 for the next 5 years. The firm accepts projects with payback periods of less than 5 years. a. What is this project's payback period? Note: Round your answer to 3 decimal places. b. Will the project be accepted? c-1. What is the project NPV if the discount rate is 3%? Note: 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 the project NPV if the discount rate is 11%? Note: 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? a. Payback period 4.350 bars b. Will the project be accepted? Yes c-1, NPV of the project if the discount rate is 3% c-2. Should this project be pursued? d-1. NPV of the project if the discount rate is 11% d-2. Should this project be pursued? e. Will the firm's decision change as the discount rate changes

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