Question: A new computer system will require an initial outlay of $19,000, but it will increase the firm's cash flows by $3,800 a year for each

 A new computer system will require an initial outlay of $19,000,but it will increase the firm's cash flows by $3,800 a year

A new computer system will require an initial outlay of $19,000, but it will increase the firm's cash flows by $3,800 a year for each of the next 8 years. c. How high can the discount rate be before you would reject the project? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places

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