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A firm is planning a new oil and gas project that is estimated to yield cash flows of - $ 5 5 million per year

A firm is planning a new oil and gas project that is estimated to yield cash flows of -$55 million per year in Year 1 through Year 2, $60 million per year in Years 3 through 5, and $88 million in Years 6 through 8, and $128 million in Years 9 through 12. This investment will cost the company $300 million today (initial outlay). We assume that the firm's cost of capital is 8.5%.Question Compute payback period, net present value (NPV), profitability index (PI), internal rate of return (IRR), and modified internal rate of return (MIRR).

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