A project that provides annual cash flows of $2,300 for 8 years costs $11,600 today.

Required:
(a)	If the required return is 8 percent, what is the NPV for this project?
	(Click to select)$1,617.27$1,779$1,940.72$2,134.8$1,455.54

(b)	Determine the IRR for this project.
	(Click to select)11.57%12.73%13.88%15.27%10.41%