1) Consider a project with the cash flows shown below. Assume that the required return is 15%.

a) Based on the internal rate of return, would you accept or reject this project? Solve and explain.

b) Based on the net present value, would you accept or reject this project? Solve and explain.

Solve this question using Excel or another spreadsheet software and attach it with your homework submission on Blackboard.

Year	Cash Flow
0	-$95,000
1	24,530
2	22,070
3	50,423
4	42,750
5	-2,100