The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M$.$ Deep, business is "looking up$."$ As a result, the cemetery project will provide a net cash inflow of $$89000$ for the firm during the first yeart, and the cash flows are projected to grow at a rate of $4$ percent per year forevert. The project requires an initial investment of $$1,420,000.$

$0-1.$ What is the NPV for the project if the company's required return is $11$ percent? $($A negotive answer should be indiceted by o minus sign. Do not round intermediate calculations and round your answer to $2$ decimel pleces, e$.$g$,32\mathrm{.}16.)$

NPV

a: If the company requires a return of $11$ percent on such undertakings, should the $2.$ cemetery business be started?

No

Yes

b$.$ The company is somewhat unsure about the assumption of a growth rate of $4$ percent in its cash flows. At what conslant growth rate would the company just break even if if still required a return of $11$ percent on investment? $($Do mot round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, ef$,32\mathrm{.}16)$

Constant grewth rate