A project that provides annual cash flows of $15,400 for nine years costs $ 67,000 today, what is the NPV if the required return is 8 percent? What if it`s 20 percent? At what discount rate would you be indifferent between accepting and rejecting the project?

Annual cash flows $ 15,400

# of years 9

Costs $ 67,000

Required return 8%

Required return 20 %