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38 4. Los Angeles Lumber Company is considering a project with a cost of $1,000 initially, and inflows of $300 at the end of

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38 4. Los Angeles Lumber Company is considering a project with a cost of $1,000 initially, and inflows of $300 at the end of years 1-5. LALC's cost of capital is 12 percent. What is the project's IRR and NPV?

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