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8. Maxmillan Corp is planning to buy a new computer system for $600,000 with a useful life of six years. At the end of six

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8. Maxmillan Corp is planning to buy a new computer system for $600,000 with a useful life of six years. At the end of six years, the system will have no value. Over the six years the system will save them $220,000 each year for the first three years and $100,000 each year for the last three years. a. What is the NPV of the project if Maxmillan requires a return of 14%? b. What is the IRR for this project? c. At what required rate of return is the project's NPV = 0? d. How are NPV and IRR related? e. At a required rate of return of 16%, is the project acceptable

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