Year 1 5. A firm evaluates all of its projects by applying the NPV rule. A project under consideration has the following cash flows: Cash Flow 0 $-34,000 16,000 2 18,000 3 15,000 If the required return is 12 percent, what is the NPV for this project? Should the firm accept the project? Explain. What is the NPV for this project if the required return is 35 percent? Should the firm accept the project? Explain. Round your answer to 2 decimal places