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

Initial cost $260,000

Cash flow year one: $26,000

Cash flow year two $74,000

Cash flow year three $155,000

Cash fow year four $155,000

a. Using a discount rate of 11% 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 discount rate of 17% ?

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