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5. Understanding IRR and NPV Aa Aa The cash flows of another project with a missing initial cost are as follows 0 4 $400 $800

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5. Understanding IRR and NPV Aa Aa The cash flows of another project with a missing initial cost are as follows 0 4 $400 $800 $500 $300 The project has the same risk as the firm's average project. While you don't know the project's initial cost, you have been told the project has an IRR of 13.3703%. Your boss wants to accept the project because the project's IRR exceeds the discount rate of 12.0%, but another manager has mentioned that the NPV should be considered. How much value does this project create for the firm? O $41.44 O $29.16 O $60.18 O $35.28 O $23.07

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