A project that provides annual cash flows of $15,300 for nine years costs $74,000 today. Is this a good project if the required return is 8 percent? What if its 20 percent? At what discount rate would you be indifferent between accepting the project and rejecting it?
Input area:
Annual cash flows	$15,300
Years	9
Costs	$74,000
Required Return	8%
Required Return	20%
(Use cells A6 to B10 from the given information to complete this question. You must use the built-in Excel function to answer this question.)
Output area:
NPV at 8%
NPV at 20%
IRR