Big Steve's makers of swizzle sticks, is considering the purchase of a new plastic stamping machine. This investment requires an initial outlay of $110,000 and will generate net cash inflows of $17,000 for 9 years.

a.) What is the project's NPV using a discount rate of 8%? Should this project be accepted?

b.) What is the projects NPV using a discount rate of 14%?Should this project be accepted?

c.) What is the projects internal rate of return?