Waste Industries is evaluating a $57,100 project with the following cash flows.

Years		Cash Flows
1		$	9,210
2			21,400
3			18,500
4			25,600
5			24,300

The coefficient of variation for the project is 1.223.

Coefficient of Variation				Discount Rate
0		.25			5	%
.26		.50			10	%
.51		.75			12	%
.76		1.00			19	%
1.01		1.25			20	%

Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods. a. Select the appropriate discount rate.

	5%
	10%
	12%
	20%
	19%

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?