A project that provides annual cash flows of 2600 for 6
A project that provides annual cash flows of $2,600 for 6 years costs $8,700 today.
Required: (a) If the required return is 11 percent, what is the NPV for this project?
(b) Determine the IRR for this project.
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a firm evaluates all of its projects by using the npv decision ruleyear cash flow0 270001 220002 130003 7000requireda
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