A) NPV

A project has an initial cost of $47,325, expected net cash inflows of $11,000 per year for 8 years, and a cost of capital of 8%. What is the project's NPV? (Hint: Begin by constructing a time line.) Do not round your intermediate calculations. Round your answer to the nearest cent.

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B) IRR

A project has an initial cost of $60,000, expected net cash inflows of $14,000 per year for 9 years, and a cost of capital of 10%. What is the project's IRR? Round your answer to two decimal places.

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