A project that provides annual cash flows of $20,000 for 6 years costs $63,000 today.

a. If the required return is 13 percent, what is the NPV for this project?

b. Determine the IRR for this project.

For the following set of cash flows,

Year	Cash Flow
0	$7,800
1	4,300
2	5,500
3	6,900

a. What is the NPV at a discount rate of 0 percent?

b. What is the NPV at a discount rate of 14 percent?

c. What is the NPV at a discount rate of 20 percent?

d. What is the NPV at a discount rate of 25 percent?