9-1OB. (NPV with v01ying required rates ofreturn) Bert's, makers of gourmet corn dogs, is considering the purchase of a new corn dog "molding" machine. This invesnnent requires an initial outlay of$150,000 and will generate free cash inflows of $25,000 per year for 10 years. For each ofthe listed required rates of return, determine the project's net present value.

a. The required rate of return is 9 percent.

b. The required rate of return is 15 percent.

c. Would the project be accepted under part

(a) or (b)?

d. What is this project's internal rate of return?