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A project that provides annual cash flows of $2,600 for 6 years costs $8,700 today. Required: (a) If the required return is 11 percent, what

A project that provides annual cash flows of $2,600 for 6 years costs $8,700 today.

Required:
(a) If the required return is 11 percent, what is the NPV for this project?

A. $2,299.40

B. $2,529.34

C. $2,759.28

D. $3,035.21

E. $2,069.46

(b) Determine the IRR for this project.

A. 19.75%

B. 21.73%

C. 23.7%2

D. 6.07%

D. 17.78%

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