D A project that provides annual cash flows of $12,900 for eight years costs $66,000 today, Cash Flow Year 0 1 2. 3 4 5 6 7 8 1) Is this a good project if the required return is percent? What if it's 20 percent? Calculate the NPV for each to prove your answer. Required Return Accept/Reject 1 2 3 4 NPV 2) At what rate would you be indifferent between accepting the project and rejecting it? 8 9 3) Why are you indifferent between accepting or rejecting the project at this rate? 1 2 4 5 56 37 38