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Part $1$

$($Net present value$$ calculation$)$Big$$ Steve's, makers of swizzle$$ sticks, is considering the purchase of a new plastic stamping machine. This investment requires an initial outlay of $$$$95,000$ and will generate net cash inflows of $$$$21,000$ per year for $8$ years.

a$.$What is the$$ project's NPV using a discount rate of $11$ percent$?$ Should the project be$$ accepted? Why or why$$ not?

b$.$What is the$$ project's NPV using a discount rate of $13$percent$?$ Should the project be$$ accepted? Why or why$$ not?

c$.$What is this$$ project's internal rate of$$ return? Should the project be$$ accepted? Why or why$$ not?

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Part $1$

a$.$If the discount rate is $11$percent$,$ then the$$ project's NPV is $$$

$$

enter your response here. $($Round to the nearest$$ dollar.$)$