For the given cash flows, suppose the firm uses the NPV decision rule.
Year Cash Flow
0 -$ 41,000
1 20,000
2 23,000
3 14,000
a. At a required return of 11 percent, what is the NPV of the project?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
b. At a required return of 24 percent, what is the NPV of the project?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
a. NPV $ 5,922.01
b. NPV $ -2,269.77