First Part: A magazine publisher wants to launch a new magazine geared to college students. The project's initial investment is $76. The project's cash flows that come in at the end of each year are $27for4consecutive years beginning one year from today. What is the project's NPV if the required rate of return is19%?

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 the project if the required rate of return is 8.5%?

Answer #2:(Yes or No)

Place your aswer as the word "yes" or the word "no".