For the cash flows in the previous problem, suppose the firm uses the NPV decision rule. At a required return of 9% should the firm accept this project? What if the required return was 21%.
Previous problem was " A firm evaluates all of its projects by applying the IRR rule. If the required return is 11% should the firm accept the following project?
0 -153, 000
1 78,000
2 67,000
3 49,000