A project that provides annual cash flows of $2,800 for 8 years costs $12,100 today.
Required:
(a) If the required return is 9 percent, what is the NPV for this project?
$3,397.49 $3,737.24 $4,076.99 $4,484.69 $3,057.74
(b) Determine the IRR for this project.
16.16% 17.77% 19.39% 21.33% 14.54%