Benson Designs has prepared the following estimates for a​ long-term project it is considering. The initial investment is ​$26,020​, and the project will yield cash inflows of $8,000 per year for 5...

 Benson Designs has prepared the following estimates for a​ long-term project it is considering. The initial investment is ​$26,020​, and the project will yield cash inflows of $8,000 per year for 5 years. The firm has a cost of capital of 8​%.

a.  Determine the net present value​ (NPV) for the project.

b.  Determine the internal rate of return​ (IRR) for the project.

c.  Would you recommend that the firm accept or reject the​ project?