Ibez Company is considering a project that requires an initial investment of $105,200 and will generate net cash flows of $17,300 per year for 8 years. Ibez requires a return of 10% on its investments. The present value factor of an annuity for 8 years at 10% is 5.3349. a. Compute the net present value of the project. b. Determine whether the project should be accepted or rejected on the basis of net present value.
