Waste Industries is evaluating a $59,100 project with the following cash flows.

Years		Cash Flows
1		$	9,180
2			13,100
3			21,700
4			19,400
5			25,600

The coefficient of variation for the project is

Coefficient of Variation				Discount Rate
0		.25			4	%
.26		.50			7	%
.51		.75			10	%
.76		1.00			12	%
1.01		1.25			18	%

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.

4%, 7%, 18%,10%, 12%

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.)