Waste Industries is evaluating a $70,000 project with the following cash flows.

Year	Cash Flows
1......................	$11,000
2......................	16,000
3......................	21,000
4......................	24,000
5......................	30,000

The coefficient of variation for the project is .847.

Based on the following table of risk-adjusted discount rates, should the project be undertaken? Select the appropriate discount rate and then compute the net present value.

Coefficient of Variation Discount Rate

0 .25................. 6%

.26 .50................. 8

.51 .75................. 10

.76 1.00................. 14

1.01 1.25.................. 20