07 5 For the given cash flows, suppose the firm uses the NPV decision rule, Year 0 0.5 points Cash Flow $ 157,300 74.000 87.000 46,000 2 3 03:30:00 eBook Hint References a. At a required return of 9 percent, what is the NPV of the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) b. At a required return of 21 percent, what is the NPV of the project? (A negative answser should be indicated by o minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a NPV b. NPV 6 Stenson, Inc., imposes a payback cutoff of three years for its international Investment projects. Assume the company has the following two projects available, 05 points Year 8 03:29:44 0 1 2 3 4 Cash Flow Cash Flow (B) (A) -$75,000 $ 125,000 33,000 29,000 36,000 32.000 19,000 35,000 9,000 240,000 eBook References a. What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Which if either of the projects should the company accept? a. Project A Project B b. Project acceptanco years years