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Piping Hot Food Services (PHFS) is evaluating a capital budgeting project that costs $75,000. The project is expected to generate after-tax cash flows equal to

Piping Hot Food Services (PHFS) is evaluating a capital budgeting project that costs $75,000. The project is expected to generate after-tax cash flows equal to $26,000 per year for four years. PHFSs required rate of return is 14 percent. Compute the projects (a) Payback Period; (b) net present value (NPV) and (c) internal rate of return (IRR). (d) Should the project be purchased? Show your work in excel

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