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Question 7 of 7 10/20 Show Attempt History Current Attempt in Progress Your answer is partially correct. Bridgeport Company is considering a long-term investment project

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Question 7 of 7 10/20 Show Attempt History Current Attempt in Progress Your answer is partially correct. Bridgeport Company is considering a long-term investment project called ZIP ZIP will require an investment of $128,000. It will have a useful life of four years and no salvage value. Annual cash inflows would increase by $80,900, and annual cash outflows would increase by $39,300. In addition, the company's required rate of return is 12%. Click here to view the factor table. (a) Calculate the net present value on this project. (If the answer is negative, use either a negative sign preceding the number e.g. -5,275 or parentheses e.g. (5,275). For calculation purposes, use 5 decimal places as displayed in the factor table provided, eg. 1.25124 and final answer to decimal places, e.g. 5,275.) Net present value $ 128 Identify whether the project should be accepted or rejected. The project should be rejected (b) Calculate the internal rate of return on this project. (Round answer to 1 decimal place, e.g. 5.2%) Internal rate of return 11.2 % Identify whether the project should be accepted or rejected. The project should be rejected

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