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A capital investment will produce cash flows of $10,000 annually, in arrears, over its 10-year life. This looks like a great investment since the IRR

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A capital investment will produce cash flows of $10,000 annually, in arrears, over its 10-year life. This looks like a great investment since the IRR of 14.97% far exceeds the 10.00% required return. To be sure, calculate the NPV. 4

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