First Part: A magazine publisher wants to launch a new magazine geared to college students. The project's initial investment is $75. The project's cash flows that come in at the end of each year are $25 for 6 consecutive years beginning one year from today. What is the project's NPV if the required rate of return is 16%?

Answer #1: $____________________

Place your answer in dollars and cents without the use of a dollar sign or comma. If applicable, a negative answer should have a "minus" sign in front of the number. Work your analysis out to at least 4 decimal places of accuracy. Second Part Based upon the NPV decision rule, should the company accept or reject the project?

Answer #2:(Accept or Reject) __________________ Place your aswer as the word "accept" or the word "reject".