A firm evaluates all of its projects by applying the NPV decision rule. A project under consideration has the following cash flows:
Year Cash Flow
0 –$ 27,300
1 11,300
2 14,300
3 10,300
What is the NPV for the project if the required return is 10 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
What is the NPV for the project if the required return is 26 percent? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)