A project that costs 2700 to install will provide annual

Question

A project that costs $2,700 to install will provide annual cash flows of $770 for each of the next 6 years.

a. Calculate the NPV if the opportunity cost of capital is 11%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

NPV       $  

b. Is this project worth pursuing?

                Yes

                No

c. What is the project's internal rate of return IRR? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

IRR         %