First Part: A magazine publisher wants to launch a new magazine geared to college students. The project's initial investment is $63. The project's cash flows that come in at the end of each year are $29 for 3 consecutive years beginning one year from today. What is the project's NPV if the required rate of return is 16%?
Answer #1: $
Second Part
Based upon the NPV decision rule, should the company accept or reject the project?
Answer #2:(Yes or No)