3 Anderson International Limited is evaluating a project in Erewhon. The project will create the following cash flows: 05 points Year Cash Flow $580,000 0 8 03:30:48 1 2 3 4 210,000 153,000 218,000 197.000 eBook References All cash flows will occur in Erewhon and are expressed in dollars. In an attempt to improve its economy, the Erewhonian government has declared that all cash flows created by a foreign company are blocked" and must be retrivested with the government for one year. The reinvestment rate for these funds is 5 percent Assume Anderson uses a required return of 11 percent on this project a. What is the NPV of the project? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the IRR of the project? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) a. NPV IRR b 4 05 points An investment project provides cash inflows of $1,200 per year for eight years. a. What is the project payback period if the initial cost is $3.950? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. What is the project payback period if the initial cost is $5,000? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. What is the project payback period if the initial cost is $10,600? (Enter O if the project never pays back. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) 03:30.29 eBook References a. Payback period b. Payback period c. Payback period years years years