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Project X and project Y have a cost of $50,000,000 today. Project X will have a cash flow of $20,000,000 per year for three years.

Project X and project Y have a cost of $50,000,000 today. Project X will have a cash flow of $20,000,000 per year for three years. Calculate the NPV and the IRR for project X using a 10% cost of capital and SHOW YOUR WORK using TWO of the following methods: (1) using the formula,(2) identifying all variables using the calculator's function keys,(3) using the the steps on the calculator to calculate the NPV and the IRR. Note it is a annuity since the cash flows are the same.

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