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

a. Using a discount rate of 9 % 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 16%?

c. Should the company accept or reject it using a discount rate of 21%?

Initial cost: $250,000 Cash flow year one: $23,000 Cash flow year two: $73,000 Cash flow year three: $140,000 Cash flow year four: $140,000