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Big Steve's, makers of swizzle sticks, is considering the purchase of a new plastic stamping machine. This investment requires an intial requires an intial outlay

Big Steve's, makers of swizzle sticks, is considering the purchase of a new plastic stamping machine. This investment requires an intial requires an intial outlay of $110,000 and will generate net cash inflows of 16,000 per year for 9 years.
What is the project's NPV using a discount rate of 16%? Shoukd the project be be accepted? Why or why not?
What is this project's internal rate of return? Should the project be accepted? Why or why not?

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