Problem 8-27 NPV, Payback (LO1, LO4) A project that costs $2,300 to install will provide annual cash flows of $580 for the next 5 years. The firm accepts projects with payback periods of less than 4 years. a. What is this project's payback period? (Round your answer to 3 decimal places.) b. Will the project be accepted? c-1. What is project NPV If the discount rate is 2%? (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 project NPV if the discount rate is 11%? (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? Years b. C-1. C-2 d-1. d-2 Payback period Will the project be accepted? NPV of the project if the discount rate is 2% Should this project be pursued? NPV of the project if the discount rate is 11% Should this project be pursued? Will the firm's decision change as the discount rate changes? 0