Question 1. The CFO of HairBrain Stylists is evaluating a project that costs $42,000. The project will generate $11,000 each of the next five years. If HairBrain's required rate of return is 9 percent, should the Project be purchased?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references. Provide step by step solutions for the above question.