All answer must entered as a formula.

FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In x Calibri 11 AA % Paste BIU Alignment Number Cells Editing Conditional Format as Cell Formatting Table Styles Styles Clipboard Font A1 fic B D E F G H I J KA 3 A project that provides annual cash flows of $15,400 for nine years costs $67,000 today. What is the NPV if the required return is 8 percent? What if it's 20 percent? At what discount rate would you be indifferent between accepting the project and rejecting it? 4 5 6 Annual cash flows $ 7 # of years 8 $ 15,400 9 67,000 8% 20% Costs Required Return Required Return 9 10 11 12 13 Complete the following analysis. Do not hard code values in your calculations. You must use the built-in Excel function to answer this question. 14 15 NPV at 8 percent 16 17 NPV at 20 percent 18 19 IRR 20 21