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13. If you insulate your office for $1,300, you will save $150 a year in heating expenses, and these savings will last forever. a.

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13. If you insulate your office for $1,300, you will save $150 a year in heating expenses, and these savings will last forever. a. What is the NPV of the investment when the cost of capital is 9%? b. What is the IRR of the investment? c. What is the payback period on this investment? d. What is the discounted payback period when the cost of capital is 9%?

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