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9. (20 pts) A project has an initial cost of $40,000, expected net cash flows of $9,000 per year for 7 years, and a cost
9. (20 pts) A project has an initial cost of $40,000, expected net cash flows of $9,000 per year for 7 years, and a cost of capital of 11%. a) What is the project's NPV? b) What is the project's IRR? c) What is the project's MIRR? d) Should the project be accepted? Explain
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