. Net present value. Quark Industries has a project with the following projected cash flows:

Initial Cost, Year 0: $240,000

Cash flow year one: $ 25,000

Cash flow year two: $ 75,000

Cash flow year three: $150,000

Cash flow year four: $150,000

a. Using a 10% discount rate for this project and the NPV model, determine whether this project should be accepted or rejected.

b. Should it be accepted or rejected using a 15% discount rate?

c. Should it be accepted or rejected using a 20% discount rate?