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A project that provides annual cash flows of $23,500 for 7 years costs $85,000 today. a. If the required return is 13 percent, what is

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A project that provides annual cash flows of $23,500 for 7 years costs $85,000 today. a. If the required return is 13 percent, what is the NPV for this project? b. Determine the IRR for this project. According to the Census Bureau, in October 2016, the average house price in the United States was $27,158. 8 years earlier, the average price was $21,708. What was the annual increase in the price of the average house sold? Multiple Choice

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