NPV and maximum return A firm can purchase new equipment for $$22,000$ that generates an annual cash inflow of

$$9,000$ for $4$ years.

a$.$ The net present value $($NPV$)$ of the new equipment is $$.($Round to the nearest cent.$)$

Based on its NPV$,$ is the new equipment acceptable? $($Select the best answer below.$)$

Yes

No

b$.$ The maximum required rate of return the firm can have and still accept the new equipment is

$|\%.($Round to two

decimal places.$)$