Benson Designs has prepared the following estimates for a long-term project it is considering. The initial investment is $74,660 and the project will yield cash inflows of $9,000 per year for 13 years. The firm has a cost of capital of 13%.

a.Determine the net present value (NPV) for the project.

b.Determine the internal rate of return (IRR) for the project.

c.Would you recommend that the firm accept or reject the project?