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1 0 . a . A company just paid $ 1 0 million for a feasibility study. If the company goes ahead with the project,

10.a. A company just paid $10 million for a feasibility study. If the company goes ahead with the project, it must immediately spend another $100 million now, and then spend $20 million in one year. In two years, it will receive $80 million, and in three years it will receive $90 million. If the cost of capital for the project is 11 percent, what is the projects NPV?
Answer to the nearest dollar.
10.b. A company just paid $10 million for a feasibility study. If the company goes ahead with the project, it must immediately spend another $100 million now, and then spend $20 million in one year. In two years, it will receive $80 million, and in three years it will receive $90 million. If the cost of capital for the project is 11 percent, what is the projects IRR?
Type your answer as a percentage. Round to two decimal places.

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