NPV and IRRBenson Designs has prepared the following estimates for a long-term project it is considering. The initial investment is

$24 comma 30024,300,

and the project is expected to yield after-tax cash inflows of

$3 comma 0003,000

per year for

1313

years. The firm has a cost of capital of

1212%.

a.Determine the net present value (NPV) for the project.

b.Determine the internal rate of return (IRR) for the project.

c.Would you recommend that the firm accept or reject the project?

a.The NPV of the project is

$nothing.

(Round to the nearest cent