Waste Industries is evaluating a $70,000 project with the following cash flows.
Year Cash Flows
1 ......... $11,000
2 ......... 16,000
3 ......... 21,000
4 ......... 24,000
5 ......... 30,000
The coefficient of variation for the project is .847.
Based on the following table of risk-adjusted discount rates, should the project be undertaken? Select the appropriate discount rate and then compute the net presentvalue.

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Coefficient of Variation Discount Rate 0 .25 2.. 6% 690 26-50 51 75 76 1.00 10 14 20 1.01 1.25