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Question 8 Answer saved Marked out of 10.00 P Flag question NPV and IRR: Unequal Annual Net Cash Inflows Assume that Goodrich Petroleum Corporation is

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Question 8 Answer saved Marked out of 10.00 P Flag question NPV and IRR: Unequal Annual Net Cash Inflows Assume that Goodrich Petroleum Corporation is evaluating a capital expenditure proposal that has the following predicted cash flows: Initial Investment $(45,880) Operation Year 1 15,000 Year 2 25,000 Year 3 20,000 Salvage a. Using a discount rate of 10 percent, determine the net present value of the investment proposal. $ 0 b. Determine the proposal's internal rate of return. (Refer to Appendix 24B if you use the table approach.) Hint: You will need to use a trial-and-error approach. Round to the nearest percent. (Example: 0.15268 = 15%). 0 Previous Save Answers

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