Waste Industries is evaluating a $58,200 project with the following cash flows.

Years	Cash Flows
1	$ 9,420
2	18,500
3	20,900
4	19,000
5	33,900

The coefficient of variation for the project is 1.115.

Coefficient of Variation	Discount Rate
0 0.25	6%
0.26 0.50	8%
0.51 0.75	12%
0.76 1.00	15%
1.01 1.25	20%

a. Select the appropriate discount rate.

a. 6%

b. 8%

c. 12%

d. 20%

e. 15%

b. Compute the net present value.

Note: 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?