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Assume you have a project the cash flows each year of a four year project are: year 1, 35,000.00, year 2, 58,000.00, year 3, 64,000.00

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Assume you have a project the cash flows each year of a four year project are: year 1, 35,000.00, year 2, 58,000.00, year 3, 64,000.00 and year 485,000.00. The equipment will have an after tax salvage value of 100,000.00. This project will require 242,000.00 in initial costs and 100,000.00 in working capital. The company's cost of capital is 8%. What is the NPV What is the payback? Is the IRR? A. Between 6% and 8% B. Between 8% and 10% C. Less than 6% D. Greater than 10%

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