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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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