Problem 8 needs info from problem 7 to complete. USE EXCEL AND SHOW EXCEL FORMULAS.

Calculating IRR [LO5] A firm evaluates all of its projects by applying the IRR , rule. If the required return is 16 percent, should the firm accept the following project? YearCash Flow $34,000 16,000 18,000 15,000 2 Calculating NPV [LO1] For the cash flows in the previous problem, suppose the firm uses the NPV decision rule. At a required return of 11 percent, should the firm accept this project? What if the required return was 30 percent? 8, idag nnnual cash flows of