Big Steve's maker of swizzle sticks is considering the purchase of new plastic stamping machine. The investment requires an initial outlay of 95,000 and will generate net cash inflows of 16,000 per year for 11 years.

1) what is a project NPV using a discount rate of 13%? Should the project be excepted? Why or why not?

2) What is this projects internal rate of return? Should the project be excepted? Why or why not?