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Could someone help me with this question please? Could you show your calculations and steps and not use excel please. A project that provides annual

image text in transcribedCould someone help me with this question please? Could you show your calculations and steps and not use excel please.

A project that provides annual cash flows of $17,300 for nine years costs $78,000 today. Part a: Is this a good project if the required return is 8 percent? What if it's 20 percent? Part b: At what discount rate would you be indifferent between accepting the project and rejecting it? Hint: The discount rate that gives indifference between acceptance and rejection of a project is the internal rate of return (IRR)

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