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Last Tuesday, Fuzzy Button Clothing Company lost a portion of its planning and financial data when both its main and its backup servers crashed. The

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Last Tuesday, Fuzzy Button Clothing Company lost a portion of its planning and financial data when both its main and its backup servers crashed. The company's CFO remembers that the internal rate of return (IRR) of Project Gamma is 11.3%, but he cant recall how much Fuzzy Button originally invested in the project nor the project's net present value (NPV). However, he found a note that detalled the annual net cash flows expected to be generated by Project Gamma. They are: The CFO has asked you to compute Project Gamma's initiat investment using the information currently available to you. He has offered the following suggestions and observations: - A project's IRR represents the return the project would generate when its NPV is zero or the discounted value of its cash ianiows equals the discounted value of its cash outflows - when the cash flows are discounted using the project's IRR. - The level of risk exhibited by Project Gamma is the same as that exhibited by the company's average project, which meens that Broject Gamma's net cash flows can be discounted using Furry Button's 7% WACC. Clven the data and and its NPV is (rounded to the nearest whole dollar). A aroject's IRR will if the progect's coth inflows increase, and everything else is unalfected

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