Final answer:
The range of discount rates for which a project is attractive depends on various factors such as expected profits, potential capital gains, and future dividends. A lower discount rate makes a project more attractive, while a higher discount rate makes it less attractive.
Step-by-step explanation:
The range of discount rates for which a project is attractive depends on various factors such as the expected profits, potential capital gains, and future dividends. In general, a lower discount rate makes a project more attractive as it reduces the present value of future cash flows. On the other hand, a higher discount rate makes a project less attractive as it increases the present value of future cash flows. Therefore, the project would be attractive for a range of discount rates lower than the current rate.