Jackson Furniture is considering installing a new CNC router system to manufacture its custom specification furniture. This investment will require an initial outlay of $250,000$ and will generate net cash inflows of $45,000$ per year for $10$ years.

a$.$ What is the project's NPV using a discount rate of $10$ percent? Should the project be accepted? Why or why not?

b$.$ What is the projcet's NPV using a discount rate of $14$ percent? Should the project be accepted? Why or why not? e$.$ What is this project's IRR? Should this project be accepted? Why or why not?