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1. A project requires an initial investment of $10,000 and it produces net cash flows of $10,000 one year from now and $2000 two years

1. A project requires an initial investment of $10,000 and it produces net cash flows of $10,000 one year from now and $2000 two years from now. The annual effective interest rate is 11%. Determine the projects net present value and internal rate of return.

A. 17.08% B. 18.08 C. 19.08% D. 20.08% E. 21.08%

please show the detailed step, thx

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