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A project that provides annual cash flows of $ 1 7 , 0 0 0 for 5 years costs $ 5 3 , 0 0

A project that provides annual cash flows of $

17, 000

for

5

years costs $

53, 000

today.

.

If the required return is

11

percent, what is the NPV for this project?

NPV

.

Determine the IRR for this project.

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