A project that provides annual cash flows of $18,300 for ten years costs $89,000 today.

a) What is the NPV for the project if the required return is 9 percent?

b) At a required return of 9 percent, should the firm accept this project?

c) What is the NPV for the project if the required return is 21 percent?

d) At a required return of 21 percent, should the firm accept this project?

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