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Anderson International Limited is evaluating a project in Erewhon. The project will create the following cash flows:YearCash Flow 0 $ 1 , 7 8 5

Anderson International Limited is evaluating a project in Erewhon. The project will create the following cash flows:YearCash Flow0$ 1,785,0001610,0002707,0003580,0004483,000All cash flows will occur in Erewhon and are expressed in dollars. In an attempt to improve its economy, the Erewhonian government has declared that all cash flows created by a foreign company are blocked and must be reinvested with the government for one year. The reinvestment rate for these funds is 4 percent. Assume Anderson uses a required return of 11 percent on this project.What is the NPV of the project?Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.What is the IRR of the project?

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