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Piping Hot Food Services ( PHFS ) is evaluating a capital budgeting project that costs $ 8 4 , 0 0 0 . The project
Piping Hot Food Services PHFS is evaluating a capital budgeting project that costs $ The project is expected to generate aftertax cash flows equal to $ per year for four years. PHFSs required rate of return is percent.
a Compute the project's net present value NPV Do not round intermediate calculations. Round your answer to the nearest cent. Use a minus sign to enter a negative value, if any
b Compute the project's internal rate of return IRR Round your answer to two decimal places.
c Should the project be purchased?
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