Net present value. Lepton Industries has a project with the following projected cash flows:

Initial cost Cash flow year one Cash flow year two Cash flow year three Cash flow year four $463,000 $124,000 $240,000 $185,000 $124,000

a. Using a discount rate of

99%

for this project and the NPV model, determine whether the company should accept or reject this project.

b. Should the company accept or reject it using a discount rate of

1717%?

c. Should the company accept or reject it using a discount rate of

2222%?