World of Chocolate Inc. is considering expanding its chocolate business and starting selling a new line of dark chocolate gift boxes. World of Chocolate Inc. estimates that $1,440,000 would be needed for launching this multi-year investment project. World of Chocolate Inc.'s R\&D team believes that the company can expect an inflow of $91,000 in income after taxes. The company's R\&D team also estimates a 3% annual growth of these after-tax income amounts indefinitely. a-1 According to the NPV investment valuation technique, at a 12% required return, the value of this new project of World of Chocolate Inc. equals (Type the minus sign if your NPV is negative. Do not round intermediate calculations and only round your final answer to 2 decimal places, e.g., 32.16.) a-2The R\&D team should recommend that World of Chocolate Inc. this multiyear project (given the same 12% annual return used in the above calculations). Reject Accept b. One last question: The 3% annual growth given above is the R\&D team's best guess given the current market. However, the market may change in the future. Recalculate this growth rate -- at what rate would World of Chocolate Inc. be indifferent between launching or not launching this project? (Again, for any calculations 12% should be used for your project's required rate of return.) (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., type 32.16 if you got 32.16%.)