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Butler International Limited is evaluating a project in Erewhon. The project will create the following cash flows: Year 0 1 2 3 Cash Flow $1,220,000

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Butler International Limited is evaluating a project in Erewhon. The project will create the following cash flows: Year 0 1 2 3 Cash Flow $1,220,000 395,000 460,000 355.000 310,000 All cash flows will occur in Erewhon and are expressed in dollars. In an attempt to Improve its economy, the Erewhonlan 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 3 percent If the company uses a required return of 10 percent on this project, what are the NPV and IRR of the project? (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations and round your final answers to 2 decimal places, e.g. 32.16. Enter your IRR answer as a percent.)

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