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A project that costs $1,900 to install will provide annual cash flows of $500 for the next 5 years. The firm accepts projects with payback

A project that costs $1,900 to install will provide annual cash flows of $500 for the next 5 years. The firm accepts projects with payback periods of less than 4 years.

a. What is this project's payback period?

b. What is project NPV if the discount rate is 4%?

c. What is project NPV if the discount rate is 11%?

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