4.Simson and Simpson, Inc. has an investment proposal (Project A) with the following characteristics:

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PROJECT A

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PeriodInvestmentCash Flows

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0$20,000-

1 $10,000

2$ 8,000

3$ 6,000

Compute its net present value (NPV), internal rate of return (IRR) and modified internal rate of return (MIRR).Wherever necessary, assume a discount rate of 8%.Should the project be accepted, why?(5+7+5+3)