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Growth Enterprises believes its latest project, which will cost $92,000 to install, will generate a perpetual growing stream of cash flows. Cash flow at the

image text in transcribed Growth Enterprises believes its latest project, which will cost $92,000 to install, will generate a perpetual growing stream of cash flows. Cash flow at the end of the first year will be $5,000, and cash flows in future years are expected to grow indefinitely at an annual rate of 6%. a. If the discount rate for this project is 10%, what is the project NPV? Note: Do not round intermediate calculations. Answer is complete and correct. \begin{tabular}{l|ll} \hline NPV & $33,000 \\ \hline \end{tabular} b. What is the project IRR? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Answer is complete but not entirely correct

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