Lepton Industries has a project with the following projected cash flows:

Initial Cost, Year 0: $468,000

Cash flow year one: $135,000

Cash flow year two: $240,000

Cash flow year three: $185,000

Cash flow year four: $135,000

a.Using an 8% discount rate for this project and the NPV model, determine whether the company should accept or reject this project?

b.Should the company accept or reject it using a 14% discount rate?

c.Should the company accept or reject it using a 20% discount rate?