Need Question 9 answered!

book contents p to pg go search ebook gc Click here for a description of Table: Questions and Problems 7. 8. Calculating NPV (LO1) For the cash flows in the previous problem, suppose the firm uses the NPV decision rule. At a required return of 11 percent, should the firm accept this project? What if the required return was 25 percent? 9. Calculating NPV and IRR (L01, 5) A project that provides annual cash flows of $17,300 for nine years costs $78,000 today. Is this a good project if the required return is 8 percent? What if it's 20 percent? At what discount rate would you be indifferent between accepting the project and rejecting it? 10. Calculating IRR (LO5) What is the IRR of the following set of cash flows? Cash Flow Year -$16,400 0 7,100 8400 6900 1 2 3 Clinlc horo for a descrintion of Tahle: Ouestions and Problems 10