Windsor Company is considering a long-term investment project called ZIP. ZIP will require an investment of $128,000. It will have a useful life of four years and no salvage value. Annual cash inflows would increase by $79,900, and annual cash outflows would increase by $38,200. In addition, the company's required rate of return is 12%. Click here to view the factor table. (a) Calculate the net present value on this project. (If the answer is negative, use either a negative sign preceding the number e.g. -5,275 or parentheses e.g. (5,275). For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 1.25124 and final answer to 0 decimal places, e.g. 5,275.)

Net present value

$enter the net present value in dollars rounded to 0 decimal places

Identify whether the project should be accepted or rejected.

The project should be select an option acceptedrejected.

(b) Calculate the internal rate of return on this project. (Round answer to 1 decimal place, e.g. 5.2%)

Internal rate of return

enter the internal rate of return in percentages rounded to 1 decimal place %

Identify whether the project should be accepted or rejected.

The project should be select an option rejectedaccepted.