A project that provides annual cash flows of $17,300 for nine years costs $78,000 today.

What is the NPV for the project if the required return is 8 percent?

NPV$

At a required return of 8 percent, should the firm accept this project?

What is the NPV for the project if the required return is 20 percent?

NPV$

At a required return of 20 percent, should the firm accept this project?

At what discount rate would you be indifferent between accepting the project and rejecting it?

Discount rate%