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I've been trying to do this problem for a while now but I'm not understanding how to do it correctly. I have followed several examples

I've been trying to do this problem for a while now but I'm not understanding how to do it correctly. I have followed several examples but they all show different processes and don't create the same solution.

Anderson International Limited is evaluating a project in Erewhon. The project will create the following cash flows:

Year

Cash Flow

0

$

1,230,000

1

405,000

2

470,000

3

365,000

4

320,000

All cash flows will occur in Erewhon and are expressed in dollars. In an attempt to improve its economy, the Erewhonian government has declared that all cash flows created by a foreign company are blocked and must be reinvested with the government for one year. The reinvestment rate for these funds is 4 percent.

If Anderson uses a required return of 10 percent on this project, what are the NPV and IRR of the project? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter your IRR as a percent.)

NPV

$

IRR

%

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