Suppose you are offered a project with the following payments:

Year

Cash Flows

0

$ 10,300

1

5,500

2

4,200

3

3,300

4

2,000

a.

What is the IRR of this offer? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)

b.

If the appropriate discount rate is 16 percent, should you accept this offer?

Reject

Accept

c.

If the appropriate discount rate is 23 percent, should you accept this offer?

	Accept
	Reject

d-

What is the NPV of the offer if the appropriate discount rate is 16 percent? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places (e.g., 32.16).)

d-2.	What is the NPV of the offer if the appropriate discount rate is 23 percent? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places (e.g., 32.16).)