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Consider a ten-year project that costs $40,000 today, which is expected to generate $6,000 at the end of the second year and then the cash

Consider a ten-year project that costs $40,000 today, which is expected to generate $6,000 at the end of the second year and then the cash flows will increase by $1,000 for three years and then stagnate for the rest of the project life. The cost of capital is 8 percent. What is the projects NPV? What is the discounted payback period? DO NOT USE EXCEL OR SIMPLY CALCULATOR TO SOLVE. PLEASE SHOW ALL YOUR WORK WITH FORMULAS. Thank you so much.

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