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Exercise #1: A project that costs $3,600 to install will provide annual cash flows of $860 for each of the next 6 years. A. Calculate

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Exercise #1: A project that costs $3,600 to install will provide annual cash flows of $860 for each of the next 6 years. A. Calculate the NPV if the discount rate is 10% ? NPV=$[1] B. Is this project worth pursuing? Yes/No [2] C. How high can the discount rate be before you would reject the project? IRR = [3]

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