Needing answer to question 6. Posted question 5 because previous problem is needed to answer.

6. Calculating NPV For the cash flows in the previous problem, suppose the firm uses the NPV decision rule. At a required return of 9 percent, should the firm accept this project? What if the required return was 21 percent? project's 5. Calculating IRR A firm evaluates all of its projects by applying the IRR rule. If the required return is 11 percent, should the firm accept the following project? Year Cash Flow 0 -$157,300 1 74,000 2 87,000 3 46,000