A project that costs $$3,100$ to install will provide annual cash flows of $$660$ for the next $6$ years. The firm accepts projects with payback periods of less than $5$ years.

a$.$ What is this project's payback period?

Note: Round your answer to $3$ decimal places.

b$.$ Will the project be accepted?

c$-1.$ What is the project NPV if the discount rate is $2\%?$

Note: Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to $2$ decimal places.

c$-2.$ Should this project be pursued?

d$-1.$ What is the project NPV if the discount rate is $12\%?$

Note: Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to $2$ decimal places.

d$-2.$ Should this project be pursued?

e$.$ Will the firm's decision change as the discount rate changes?

$\backslash$table$[[$a$.$ Payback period,$],[$b$.$ Will the project be accepted?,$],[$c$-1.$ NPV of the project if the discount rate is $2\%,],[$c$-2.$ Should this project be pursued?,$],[$d$-1.$ NPV of the project if the discount rate is $12\%,],[$d$-2.$ Should this project be pursued?,$],[$e$.$ Will the firm's decision change as the discount rate changes?,$]]$