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Blossom Corp. management is planning to convert an existing warehouse into a new plant that will increase its production capacity by 4 5 percent. The

Blossom Corp. management is planning to convert an existing warehouse into a new plant that will increase its production capacity by
45 percent. The cost of this project will be $8,467,824. It will result in additional cash flows of $2,312,200 for each of the next eight
years. The discount rate is 11.83 percent.
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the problem.)
a. What is the payback period? (Round answer to 2 decimal places, e.g.15.25.)
The project's payback period is
years
b. What is the NPV for this project? (Round intermediate calculations and final answer to 0 decimal places, e.g.1,251. Do not round discount
factor values. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g.(45).)
The project's NPV is $
c. What is the IRR? (Round answer to 3 decimal places, e.g.15.251%.)
The project's IRR is
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