A project that costs $4,450 to install will provide annual cash flows of $1,500 for each of the next 6 years.
Calculate the NPV if the discount rate is 11%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
NPV $
Is this project worth pursuing?
Yes
No
How high can the discount rate be before you would reject the project? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Discount rate %