Aselsan considers undertaking a project that costs $4,600 to install. The project is expected to generate yearly cash flows of $1,550 for the following 6 years.

a. Calculate the net present value (NPV) of the project. Assume that the discount rate is 12%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

b. How much of a discount rate can you tolerate before rejecting the project? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)