NPV and IRRBenson Designs has prepared the following estimates for a long-term project it is considering. The initial investment is $59 comma 140, and the project is expected to yield after-tax cash inflows of $6 comma 000 per year for 15 years. The firm has a cost of capital of 15%.

a.The NPV of the project is $ -24055.77 (Round to the nearest cent.)

b. The IRR of the project is nothing%. (Round to two decimal places.) ???

. c.Would you recommend that the firm accept or reject the project?

(Can you please show the work, I just simpler formula instead of this below)

Homework: Chapter 10 Homework Save Score: 0 of 1 pt 10 of 10 (6 complete) HW Score: 49%, 4.9 of 10 pt P10-19 (similar to) Question Help NPV and IRR Benson Designs has prepare years. The firm has a cost of capital of 15%. View an Example ^ cash inflows of $6,000 per year for 15 A Question Help a. Determine the net present value (NPV) fo b. Determine the internal rate of return (IRR C. Would you recommend that the firm acce NPV and IRR Benson Designs has prepared the following estimates for a long-term project it is considering. The initial investment is $38,000, and the project is expected to yield after-tax cash inflows of $10,000 per year for 7 years. The firm has a cost of capital of 16%. a. The NPV of the project is $ - 24055.77. b. The IRR of the project is 59139.75%. (F 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? is the discount rate that equates the NPV of an investment opportunity with $0 (because the present value of cash inflows equals the initial investment). It is the rate of return that the firm will earn if it invests in the project and receives the given cash inflows. Mathematically, the IRR is the value of r that causes NPV to equal $0: CF, t=1 (1 + IRR) The IRR is very difficult to calculate by hand, but can easily be found using a financial calculator or an Excel spreadsheet. Calculator Use To find the Inn in the non Question is complete. Enter your answer in the answer box and t All parts showing Close 1 part I remaining Check