Problem $9-9$ Calculating NPV and IRR $[$LO$1,5]$

A project that provides annual cash flows of $$17,700$ for ten years costs $$83,000$ today.

What is the NPV for the project if the required return is $9$ percent? $($Do not round

intermediate calculations. Round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

NPV

At a required return of $9$ percent, should the firm accept this project?

Accept

Reject

What is the NPV for the project if the required return is $21$ percent? $($A negative

answer should be indicated by a minus sign. Do not round intermediate calculations

and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

NPV

At a required return of $21$ percent, should the firm accept this project?

Accept

Reject

At what discount rate would you be indifferent between accepting the project and

rejecting it$?($Do not round intermediate calculations. Enter your answer as a percent

rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Discount rate

$\%$