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Intro You are evaluating an investment project costing $11,000 initially. The project will lose 5,000 in year 1 and earn 9,000 in year 2 and

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Intro You are evaluating an investment project costing $11,000 initially. The project will lose 5,000 in year 1 and earn 9,000 in year 2 and then create net cashflows of 3,600 per year for 8 more years, according to the following 10-year schedule: Year 0 1 N 4-10 Cash Flow -11,000 -5,000 9,000 3,600 3,600 Note, that the final cell abbreviates years 4 through 10 for formatting reasons. Attempt 1/2 for 10 pts. Part 1 What is the payback period for this project? 2+ decimals Submit ,000 -5,000 9,000 3,600 3,600 Note, that the final cell abbreviates years 4 through 10 for formatting reasons. Part 1 What is the payback period for this project? Attempt 1/2 for 10 pts. 2+ decimals Submit Part 2 Attempt 1/2 for 10 pts. If the appropriate discount rate is r = 7% is the NPV of this project? 0+ decimals Submit

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