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NPV and IRR. Benson Designs has prepared the following estimates for a long-term project it is considering. The initial investment is $66,600, and the project

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NPV and IRR. Benson Designs has prepared the following estimates for a long-term project it is considering. The initial investment is $66,600, and the project will yield cash inillows of $7,000 per year for 15 years. The firm has a cost of capital of 9%. a. Determine the net present value (NPV) for the project b. Determine the internal rate of retum (IRR) for the projoct c. Would you recommend that the firm accopt or reject the project? a. The NPV of the project is: (Round to the noarest cent)

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