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A project is expected to generate new after-tax cash flows of $500,000 per year and has initial installed cost of $5 million. The cash flows

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A project is expected to generate new after-tax cash flows of $500,000 per year and has initial installed cost of $5 million. The cash flows are expected to continue in perpetuity and the equipment will NOT be depreciated for tax purposes. The tax rate is 40% and the required return is 10%. What are the NPV, IRR, payback period, and profitability index of the project

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