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Conduct a capital budgeting analysis for IBM Corporation to determine the viability of investing in a new project. Use the following cash flow projections over

Conduct a capital budgeting analysis for IBM Corporation to determine the viability of investing in a new project. Use the following cash flow projections over the project's five-year life:

Year

Cash Inflow

1

$10,000,000

2

$15,000,000

3

$20,000,000

4

$25,000,000

5

$30,000,000

Assuming a discount rate of 8%, calculate the net present value (NPV), internal rate of return (IRR), and payback period. Discuss the project's feasibility based on these metrics. 

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