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Question (1): (10 Marks) Ramallah plastic Company can purchase equipment on sale for $8,600. The asset has a three-year life, will produce a cash flow

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Question (1): (10 Marks) Ramallah plastic Company can purchase equipment on sale for $8,600. The asset has a three-year life, will produce a cash flow of $3,000 in the first year, $3200 second year, and $5000 the third year. The interest rate is 12%. Calculate the project's discounted payback period. Also, calculate the project's IRR. Should the project be taken

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