Suppose you are offered a project with the following cash flows:

Year	Cash Flows
0	$ 8,200
1	4,500
2	3,200
3	2,300
4	1,100

a.	What is the IRR of this offer? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

b.	If the appropriate discount rate is 11 percent, should you accept this offer?
	multiple choice 1 Accept Reject

c.	If the appropriate discount rate is 22 percent, should you accept this offer?
	multiple choice 2 Accept Reject

d-1.	What is the NPV of the offer if the appropriate discount rate is 11 percent? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
d-2.	What is the NPV of the offer if the appropriate discount rate is 22 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)