Question: Consider the project balances in the table below for a typical investment project with a service life of four years.( show formulas please) (a) Determine
Consider the project balances in the table below for a typical investment project with a service life of four years.( show formulas please)
(a) Determine the interest rate used in computing the project balances.
(b) Construct the original cash flows of the project.
| n | An | Project Balance |
| 0 | ($9,000) | ($9,000) |
| 1 | - | -7,500 |
| 2 | - | -6,500 |
| 3 | 1,910 | -5,500 |
| 4 | - | 0 |
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