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Carlo buys a machine for his business. The machine costs $250,000. Carlo estimates that the machine will generate a $40,000 cash inflow per year for

Carlo buys a machine for his business.  The machine costs $250,000.  Carlo estimates that the machine will generate a $40,000 cash inflow per year for the next five years.  Carlo's cost of capital is 10 percent.  What is the Net Present Value (NPV) and Internal Rate of Return (IRR) for Carlo's investment?

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