Chapter 8: Post Assignment O Problem 8-27 NPV, Payback (LOI, L04) Help Seve & Exit Submit 208 polnts eBook References - A project that costs S2,000 to install will provide annual cash flows of $550 for the next 5 years. The firm accepts projects with payback periods of less than 3 years. a. What is this project's payback period? (Round your answer to 3 decimal places.) b. Will the project be accepted? c-1. What is project NPV if the discount rate is 2%? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.) c-2. Should this project be pursued? d-l. What is project NPV if the discount rate is 12%? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.) - d-2. Should this project be pursued? e. Will the firm's decision change as the discount rate changes?