Waste Industries is evaluating a $55,200 project with the following cash flows.

YearsCash Flows1$9,100219,000321,500420,200531,900

The coefficient of variation for the project is .834.

Coefficient of VariationDiscount Rate0.254%.26.507%.51.7510%.761.0012%1.011.2518%

UseAppendix Bfor an approximate answer but calculate your final answer using the formula and financial calculator methods.

a.Select the appropriate discount rate.

4% 7% 10% 12% 18%

b.Compute the net present value.(Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places.)

c.Based on the net present value should the project be undertaken?

No or Yes