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Project C has a required rate of return of 15% p.a. with the following expected cashflows: Year Cashflow ($) 0 -1000 1 400 2 600

Project C has a required rate of return of 15% p.a. with the following expected cashflows:

Year Cashflow ($)

0 -1000

1 400

2 600

3 400

a)Calculate project C's NPV.

b)Determine project C's IRR.

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