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For the given cash flows, suppose the firm uses the NPV decision rule. Year Cash Flow 160,000 -$ 0 1 56,000 83,000 67,000 2 3

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For the given cash flows, suppose the firm uses the NPV decision rule. Year Cash Flow 160,000 -$ 0 1 56,000 83,000 67,000 2 3 a. At a required return of 9 percent, what is the NPV of the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. At a required return of 18 percent, what is the NPVV of the project? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. NPV b. NPV

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