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Calculate the NPV and the IRR for the following project and state whether or not you would accept the new project. Justify your answer. Required

Calculate the NPV and the IRR for the following project and state whether or not you would accept the new project. Justify your answer. Required rate of return = 9% Current prime rate = 11% Initial outflow = $75,000 Inflows = $25,000 for years 1 - 3 = ($10,000) for year 4 = $30,000 for year 5 = $10,000 for year 6

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