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A project that costs $3,300 to install will provide annual cash flows of $950 for each of the next 6 years. Calculate the NPV if
A project that costs $3,300 to install will provide annual cash flows of $950 for each of the next 6 years. Calculate the NPV if the discount rate is 13%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
NPV ______________
Is the project worth pursing? (yes or no)
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.)
Discount rate __________%
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