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Problem 9-9 Calculating NPV and IRR [L01, 5] A project that provides annual cash flows of $17,500 for eight years costs $81,000 today. What is

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Problem 9-9 Calculating NPV and IRR [L01, 5] A project that provides annual cash flows of $17,500 for eight years costs $81,000 today. What is the NPV for the project if the required return is 7 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) NPV At a required return of 7 percent, should the firm accept this project? Accept Reject

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