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Let's say you could buy software for $50,000 and as a result of what it can do, your business will generate an extra $9,000 in

Let's say you could buy software for $50,000 and as a result of what it can do, your business will generate an extra $9,000 in cash flows (after taxes) each year for the nextyears.After that, the software will have no value whatsoever.

Q1.What is the IRR of this course of action?

Q2.What is the payback?

Q3.If you could earn 9% on the $50,000 on the next best alternative of comparable risk to this opportunity, what is the NPV of this opportunity?

Show your work.

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