ibez company is considering a project that requires an initial investment of $60,000 and will generate net cash flows of $16,000 per year for 6 years. ibez requires a return of 9% on its investments. the present value factor of an annuity for 6 years at 9% is 4.4859. 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.