An investment has the following cash flows Should the projec

An investment has the following cash flows. Should the project be accepted if it has been assigned a required return of 9.5%? Why or why not?

Year Cash Flow -$24,000 $ 8,000 $12,000 $9,000

Cash Flows:

Year 0 = -$24,000
Year 1 = $8,000
Year 2 = $12,000
Year 3 = $9,000

Required Return = 9.5%

NPV = -$24,000 + $8,000/1.095 + $12,000/1.095^2 + $9,000/1.095^3
NPV = $168.95

NPV of this project is $168.95
So, we should accept this project.