A project that costs $5,350 to install will provide annual cash flows of $1,800 for each of the next 8 years.

Calculate the NPV if the discount rate is 11%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

NPV

$

Is this project worth pursuing?

	Yes
	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

%