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Fijisawa Inc. is considering a major expansion of its product line and has estimated the following cash flows associated with such an expansion. The initial

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Fijisawa Inc. is considering a major expansion of its product line and has estimated the following cash flows associated with such an expansion. The initial outlay would be $1, 950,000, and the project would generate incremental free cash flows of $450,000 per year for 6 years. The appropriate required rate of return is 9 percent. Calculate the NPV. Calculate the PI. Calculate the IRR. Should this project be accepted? What is the project's NPV? $ (Round to the nearest dollar.) What is the project's PI? (Round to three decimal places.) What is the project's IRR? % (Round to two decimal places.) Should this project be accepted? (Select the best choice below.)

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