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Please help and solve this. Please do NOT use excel. Please do NOT show in excel. Please SHOW ALL WORK step by step. Please include
Please help and solve this. Please do NOT use excel. Please do NOT show in excel. Please SHOW ALL WORK step by step. Please include ALL formulas. Please keep problem neat and organized. Thank you.
A project that provides annual cash flows of $2,300 for 8 years costs $11,600 today.
Required: (a) If the required return is 8 percent, what is the NPV for this project?
(b) Determine the IRR for this project.
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