You are evaluating a proposed project for your company. The project is expected to generate the following end of-year cash flows: 0 1 2 3 4 5 6 7 8 $3,000 $300 $500 $500 $600 $800 $800 $800 5400 You have been told you should evaluate this project with an interest rate of 9%. What is the project's NPV? $169.58 $235.97 $101.62 $185.79 $219.77 Your group leader has now told you that the risk of the project was understated before. As a result, she tells you to recalculate the project's NPV with an 11% interest rate. What is the new NPV? $71.99 -$147.53 -$28.59 -$56.36 0 - $22.97 When the project was first evaluated at 9%, you would have advised that the company the project because it value for the company. But now with an 11% interest rate, you will advise the company the project because it value for the company. Calculate the project's internal rate of return (IRR)