Net Present Value Your company has the opportunity to invest in a new computer system that requires an initial outlay of €20,000, and will increase the firm’s cash flows by €4,000 per year for the next 8 years. The finance director has asked you to assess whether the system is worth installing if the required rate of return is (i) 9 per cent and (ii) 14 per cent. How high can the discount rate be before the project is rejected?