Star City is considering an investment in the community center that is expected to return the following cash flows: Use Exhibit A.8.

Star City is considering an investment in the community center that is expected to return the following cash flows: Use Exhibit B. Year Net Cash Flow $ 22,000 52,000 82,000 82,000 102,000 4 This schedule includes all cash inflows from the project, which will also require an immediate $202,000 cash outlay. The city is tax-exempt; therefore, taxes need not be considered. Required a. What is the net present value of the project if the appropriate discount rate is 20 percent? (Round PV factor to 3 decimal places. Negative amount should be indicated by a minus sign.) Net present value b. What is the net present value of the project if the appropriate discount rate is 10 percent? (Round PV factor to 3 decimal places. Negative amount should be indicated by a minus sign.) Net present value