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A project that provides annual cash flows of $ 1 5 , 3 0 0 for nine years costs $ 7 4 , 0 0

A project that provides annual cash flowsof $15,300 for nine years costs $74,000 today. Is this a good project if the requiredreturn is 8 percent? What if its 20 percent? At what discount rate would you be indifferentbetween accepting the project and rejecting it?
Input area:
Annual cash flows $15,300
Years 9
Costs $74,000
Required Return 8%
Required Return 20%

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