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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 $ 2

NPV and IRRBenson Designs has prepared the following estimates for a long-term project it is considering. The initial investment is $28,430, and the project will yield cash inflows of $3,000 per year for 15 years. The firm has a cost of capital of 11%.
a.Determine the net present value(NPV) for the project.
b.Determine the internal rate of return(IRR) for the project.
c.Would you recommend that the firm accept or reject the project?

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