A project that provides annual cash flows of $$16,400$ for ten years costs $$70,000$ today.

What is the NPV for the project if the required return is $9$ percent? $($Do not round intermediate calculations. Round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

NPV

At a required return of $9$ percent, should the firm accept this project?

Accept

Reject

What is the NPV for the project if the required return is $21$ percent? $($A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

NPV

At a required return of $21$ percent, should the firm accept this project?