QUESTION 9: NET PRESENT VALUE A project that provides annual cash flows of $17,300 for nine years costs $78,000 today. Part a: Is this a good project if the required return is 8 percent? What if it's 20 percent? Part b: At what discount rate would you be indifferent between accepting the project and rejecting it? Hint: The discount rate that gives indifference between acceptance and rejection of a project is the internal rate of return (IRR)