Ironwood Charities is considering an investment in one of their buildings that is expected to return the following cash flows: Use

Exhibit A$\mathrm{.}8.$

This schedule includes all cash inflows from the project, which will also require an immediate $$172,000$ cash outlay. The organization is

tax$-$exempt; therefore, taxes need not be considered.

Required:

a$.$ What is the net present value of the project if the appropriate discount rate is $8$ percent?

b$.$ What is the net present value of the project if the appropriate discount rate is $4$ percent?

Complete this question by entering your answers in the tabs below.

Required A

What is the net present value of the project if the appropriate discount rate is $8$ percent?

Note: Round PV factor to $3$ decimal places. Negative amount should be indicated by a minus sign.

Net present value