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A project with an initial investment of $500,000 is expected to generate the following cash flows. Calculate the payback period, NPV at a 6% discount

  1. A project with an initial investment of $500,000 is expected to generate the following cash flows. Calculate the payback period, NPV at a 6% discount rate, and IRR.

Year

Cash Flow (USD)

1

120,000

2

130,000

3

140,000

4

150,000

5

160,000

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