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A two-year project requires a $22,000 investment. In the first and second year it will generate an $12,000 and $14,000 cash flow, respectively. a. Calculate

A two-year project requires a $22,000 investment. In the first and second year it will generate an $12,000 and $14,000 cash flow, respectively. a. Calculate the project Net Present Value if the discount rate is 10%? 13%? b. From the results in "A", can you guess a possible range for IRR? c. What is the project IRR (if you consider: = 1/ 1+ , you can write the problem as a quadratic function and solve manually)?

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