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ABC Corporation is evaluating a project that requires an initial investment of $ 5 0 0 , 0 0 0 . The project is expected

ABC Corporation is evaluating a project that requires an initial investment of $500,000. The project is expected to generate cash flows of $120,000 per year for 7 years. The companys cost of capital is 10%. Calculate the Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period of the project. Should the company accept the project?

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