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Growth Enterprises believes its latest project, which will cost $83,000 to install, will generate a perpetual growing stream of cash flows. Cash flow at the

image text in transcribed Growth Enterprises believes its latest project, which will cost $83,000 to install, will generate a perpetual growing stream of cash flows. Cash flow at the end of the first year will be $8,000, and cash flows in future years are expected to grow indefinitely at an annual rate of 4%. a. If the discount rate for this project is 12%, what is the project NPV? Note: Do not round intermediate calculations. b. What is the project IRR? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Growth Enterprises believes its latest project, which will cost $83,000 to install, will generate a perpetual growing stream of cash flows. Cash flow at the end of the first year will be $8,000, and cash flows in future years are expected to grow indefinitely at an annual rate of 4%. a. If the discount rate for this project is 12%, what is the project NPV? Note: Do not round intermediate calculations. b. What is the project IRR? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places

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