Q1. Consider the cash flow for an investment project that is given below in the table. Outflow Inflow $24,000 $8,000 $6,000 $6,000 $10,000 $10,000 $12,500 $14,000 $15,000 1 3 4 6 (a) If i = 18%, what...

please solve it mannualy

Not use excel

Extracted text: Q1. Consider the cash flow for an investment project that is given below in the table. Outflow Inflow $24,000 $8,000 $6,000 $6,000 $10,000 $10,000 $12,500 $14,000 $15,000 1 3 4 6 (a) If i = 18%, what is the equivalent annual worth of this cash flow? (b) Based on your result in part (a), is this investment project worth undertaking under an 18% interest rate?