The Jones Company is considering an investment with an initial cost of $386,000 and annual cash inflows as follows. The company requires a return of 9.0%. Initial cost Required rate of return $386,000 9.0% Year Cash inflows (outflows) 0 ($386,000) 1 $77,800 23 62,200 49,800 4 139,400 5 111,500 69 89,200 7 71,400 8 57,100 Using the NPV function, compute the net present value of this investment. Using the IRR function, compute the internal rate of return for this investment. Using an IF statement, decide if the project should be accepted (cell A24), or rejected (cell B24). Accept the project Reject the project