You have the chance to participate in a project that produces the following cash flows:

Cash Flows ($)

C0 C1 C2

3,200 5,800 10,400

a. The internal rate of return is 11.15%. If the opportunity cost of capital is 11%, what is the NPV of the project? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)

NPV $

b. Would you accept the offer? Yes No