A firm evaluates all of its projects by applying the IRR rule. If the required return is 16%, should the firm accept the following project? Page 332 8. Calculating NPV (LO1) For the cash flows in the previous problem, suppose the firm uses the NPV decision rule. At a required return of 11%, should the firm accept this project? What if the required return was 25%? 9. Calculating NPV and IRR (LO1, 5) A project that provides annual cash flows of $17,300 for nine years costs $78,000 today. Is this a good project if the required return is 8%? What if its 20%? At what discount rate would you be indifferent between accepting the project and rejecting it? 10. Calculating IRR (LO5) What is the IRR of the following set of cash flows? 11. Calculating NPV (LO1) For the cash flows in the previous problem, what is the NPV at a discount rate of 0%? What if the discount rate is 10%? If it is 20%? If it is 30%? 12. NPV versus IRR (LO1, 5) Parkallen Inc. has identified the following two mutually exclusive projects: Year Cash Flow 0 $28,000 1 12,000 2 15,000 3 11,000