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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 4 85,000.00. 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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