Net Present Value Payback Period Average Accounting Return Required AAR $571,224 2.41 12.34 11.5 $552,158 2.16 12.78 11.5 3. What is the net present value and IRR of a project with the following cash flows if the required rate of return is 10 percent? Year Cash Flow $ 106,000 45,000 45,000 55,000 4. You are considering two mutually exclusive (you can do one or the other - not both) projects with the following cash flows. Using NPV and IRR, which project should you accept if the discount rate is 5 percent? What if the discount rate is 10 percent? Year Project A Project B -$200,000 100,000 100,000 100,000 300,000