Year- Cash Flow-

0. -168,500

1. 86,000

2. 91,000

3. 53,000

4. Calculating NPV. For the cash flows in the previous problem, suppose the firm uses the NPV decision rule. At a required return of 9%, what is the NPV? Should the firm accept this project? If the required return changed to 21%, what is the NPV? Should the firm accept this project