Question: Problem #7. Calculating NPV and IRR. A project that provides annual cash flows of $2,620 for eight years costs $9,430 today. Is this a good

 Problem \#7. Calculating NPV and IRR. A project that provides annual

Problem \#7. Calculating NPV and IRR. A project that provides annual cash flows of $2,620 for eight years costs $9,430 today. Is this a good project if the required return is 8 percent? What if it's 24 percent? At what discount rate would you be indifferent between accepting the project and rejecting it? [15 pts]

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