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a firm is considering a project that will cost $1 million and generate after-tax flows of $300,000 for five years. if the project's discount rate

a firm is considering a project that will cost $1 million and generate after-tax flows of $300,000 for five years. if the project's discount rate is 12 percent, what is its NPV? Its IRR? Its profitabilityu index? Its payback? Why should discounted cash flows be used to evaluate capital budgeting projects?

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