Based on the following information would the change in the discount rate make proceeding with the purchase of equipment be more or less desirable? What can be decided from this result and what is the role of discount rates in decision-making processes.

The net present value (NPV) of the projected after tax cash flows for years 0-8 with discount rate of 6%.
Year
0	($10.20)
1	($28.61)
2	$1.72
3	$47.21
4	$82.16
5	$112.63
6	$164.98
7	$169.83
8	$161.79

The net present value (NPV) of the projected after tax cash flows for years 0-8 with new discount rate for the project of 4.5%.
Year
0	($8.59)
1	($25.72)
2	$7.09
3	$55.90
4	$94.06
5	$127.75
6	$185.17
7	$191.64
8	$184.02