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Hattiesburg Clinic is evaluating a project that costs $60,000 and has expected net cash inflows of $15,000 per year for 10 years. The first

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Hattiesburg Clinic is evaluating a project that costs $60,000 and has expected net cash inflows of $15,000 per year for 10 years. The first inflow occurs one year after the cost outflow, and the project has a cost of capital of 10 percent. a. What is the project's payback? b. What is the project's NPV? Its IRR?

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