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14.Braun Industries is considering an investment project that has the following cash flows: Year Cash Flow 0 -$1000 1 ? 2 300 3 500 4

14.Braun Industries is considering an investment project that has the following cash flows:

Year Cash Flow
0 -$1000
1 ?
2 300
3 500
4 400

The payback period is 2.6 years. What is the project's internal rate of return (IRR), and net present value (NPV) if the discount rate is 10%?

A) IRR = 38.65%, NPV = $587.

B) IRR = 21.22%, NPV = $260.

C) IRR = 17.05%, NPV = $170.

D) IRR = 6.13%, NPV = -$103

E) IRR = 17.05%, NPV = $500.

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