Waste Industries is evaluating a $$56,900$ project with the following cash flows.

YearsCash Flows$1$$ $9,240215,800321,200425,400533,200$

The coefficient of variation for the project is $1\mathrm{.}025.$

Coefficient of VariationDiscount Rate$00\mathrm{.}256\%0\mathrm{.}260\mathrm{.}508\%0\mathrm{.}510\mathrm{.}7512\%0\mathrm{.}761\mathrm{.}0016\%1\mathrm{.}011\mathrm{.}2520\%$

Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods.

Select the appropriate discount rate.

multiple choice $1$

$6\%$

$8\%$

$12\%$

$20\%$

$16\%$

Compute the net present value.

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

Based on the net present value should the project be undertaken?

multiple choice $2$

Yes

No