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Calculate the internal rate of return (IRR) and the net present value (NPV) of a project with a 15% required return (WACC = 15%) and

Calculate the internal rate of return (IRR) and the net present value (NPV) of a project with a 15% required return (WACC = 15%) and an initial investment of $3,500,000. The project has a life of 10 years and is expected to earn an annual free cash flow of $700,000.

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