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A project that provides annual cash flows of $2,600 for 6 years costs $8,700 today. Required: (a) If the required return is 11 percent, what

A project that provides annual cash flows of $2,600 for 6 years costs $8,700 today.

Required: (a) If the required return is 11 percent, what is the NPV for this project?

(b) Determine the IRR for this project.

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