Question: A new computer system will require an initial outlay of $ 2 3 , 0 0 0 , but it will increase the firm s

A new computer system will require an initial outlay of $23,000, but it will increase the firms cash flows by $4,900 a year for each of the next 8 years.
Calculate the NPV and decide if the system is worth installing if the required rate of return is 9%.
Note: Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to 2 decimal places.
Calculate the NPV and decide if the system is worth installing if the required rate of return is 14%.
Note: Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to 2 decimal places.

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