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A firm evaluates all of its projects by using the NPV decision rule. Year Cash Flow 0 $29,000 1 23,000 2 15,000 3 5,000 Required:

A firm evaluates all of its projects by using the NPV decision rule. Year Cash Flow 0 $29,000 1 23,000 2 15,000 3 5,000 Required: (a) At a required return of 13 percent, what is the NPV for this project? (b) At a required return of 38 percent, what is the NPV for this project?

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