What is the NPV of the offer if the appropriate discount rate is 12 percent? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Use the following information for the next 5 questions. Suppose you are receiving $9,600 today (year 0 ) but must make the following payments in years 1 to 4 : What is the NPV of the offer if the appropriate discount rate is 23 percent? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Think about what you have found in the previous questions and complete the following statement: This problem differs from previous ones because the initial cash flow is and all future cash flows are In other words, this is a project. For these types of situations, accept the project when the IRR is than the discount rate. Reject the project when the IRR is than the discount rate. 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., enter "32.16" for 32.16%.) Which of the following discount rates will result in an accepted offer? Check all that apply. 12% 14% 16% 18% 20%