An investment has an installed cost of $578,382. The cash flows over the four-year life of the investment are projected to be $207,584, $251,318, $199,674, and $167,313.

Requirement 1:

If the discount rate is zero, what is the NPV? (Do not round intermediate calculations.)

NPV

$

Requirement 2:

If the discount rate is infinite, what is the NPV? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.)

NPV

$

Requirement 3:

At what discount rate is the NPV just equal to zero? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Discount rate

%