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M D H Flatiron Corp. is evaluating a proposed investment in a new pressing machine. After analyzing the cash flows from the project, Flatiron's financial

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M D H Flatiron Corp. is evaluating a proposed investment in a new pressing machine. After analyzing the cash flows from the project, Flatiron's financial analyst has concluded that the net cash flows will be: Year o ($80,000) Years 1-15 $12,000 Year 15 $20,000 Flatiron's cost of capital is 10%. Required: Calculate the net present value (NPV) and Internal Rate of Return (IRR) of this proposed investment

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