Use the following information to answer questions 16 through 20. You are analyzing a proposed project and have compiled the following information Year Cash flow 0 $145,000 1 $33,400 $ 70,500 $ 82,100 Required payback period 3 years Required return 9.50 percent 16. What is the net present value of the proposed project? a. S6,239.12 b. 58.221.29 c. S6,831.84 d. 58,376.91 17. Should the project be accepted based on the internal rate of return (IRRY? Why or why not? a. no: The project IRR is greater than the required return. b. no: The project IRR is greater than zero. c. yes: The project IRR is greater than the required return. d. yes; The project IRR is equal to zero. 18. Should the proposed project be accepted based on the profitability index (Pl)? Why or why not? a. no: The PI is less than 1.0. b. no: The PI is greater than 1.0. c.. yes: The PI is greater than 1.0. d. yes: The PI is less than 1.0 19. Should the proposed project be accepted based on the payback period? Why or why not? a, yes; The payback period is greater than the required payback period. b. yes: The payback period is less than the required payback period, c. no: The payback period is greater than the required payback period. d. no: The payback period is less than the required payback period. 20. Which one of the following indicates a project should be accepted? a. NPV = -$281 b. PI = 1.02 c. IRR - 13.8 percent: Required return = 14.2 percent d. Payback - 3.31 years; Required payback - 3.25 years