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Please show detailed steps, and no excel solutions please. The Argyll corporation wants to set up a private cemetery business. The cemetery project will provide

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Please show detailed steps, and no excel solutions please.

The Argyll corporation wants to set up a private cemetery business. The cemetery project will provide a net cash inflow of $97,000 for the firm during the first year, and the cash flows are projected to grow at a rate of 4% per year, forever. The project requires an initial investment $1,500,000. Argyll requires an 11% return on such undertaking, a) Estimate the present value of inflows ttttttgttttttt b) Compute the NPV H c) Should the cemetery business be started?

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