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Can you please provide a step-by-step solution? Thanks! Buckner Company is considering two capital investments. Both investments have an initial cost of $9,000,000 and total

Can you please provide a step-by-step solution? Thanks!

Buckner Company is considering two capital investments. Both investments have an initial cost of $9,000,000 and total net cash inflows of $17,000,000 over 10 years. Buckner requires a 16% rate of return on this type of investment. Expected net cash inflows are as follows:

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Requirement 1. Use Excel to compute the NPV and IRR of the two plans. Which plan, if any, should the company pursue? (Use parentheses or a minus sign for a negative NPV. Round the NPV calculations to the nearest whole dollar and the IRR calculations to two decimal places, X.XX%.)

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Data table The NPV (net present value) of Plan Alpha is The NPV (net present value) of Plan Beta is

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