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A project that costs $1,700 to install will provide annual cash flows of $520 for...

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A project that costs $1,700 to install will provide annual cash flows of $520 for the next 5 years. The firm accepts projects with payback periods of less than 3 years. a-1. What is the payback period of the project? (Round your answer to 2 decimal places.) Payback period 3.27 years a-2. Will the project be accepted? No O Yes b-1. What is project NPV If the discount rate is 2%? (Negative amount should be indicated by a minus sign. Do not round Intermediate calculations. Round your answer to 2 decimal places.) NPV $ b-2. Should this project be pursued? b-2. Should this project be pursued? Yes O No c-1. What is project NPV if the discount rate is 12%? (Negative amount should be Indicated by a minus sign. Do not round Intermediate calculations. Round your answer to 2 decimal places.) NPV c-2. Should this project be pursued? Yes O No d. Will the firm's decision change as the discount rate changes? No Yes

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