Use excel formulas to calculate. Show the formulas.

A project that provides annual cash flows of $15,400 for nine years costs $67,000 today. What is the NPV 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? Annual cash flows # of years Costs Required Return Required Return $ 15,400 67,000 8% 20% Complete the following analysis. Do not hard code values in your calculations. You must use the built-in Excel function to answer this question. NPV at 8 percent NPV at 20 percent IRR