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The Green Goddess Company is considering the purchase of a new machine that would increase the speed of manufacturing tires and save money. The net

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The Green Goddess Company is considering the purchase of a new machine that would increase the speed of manufacturing tires and save money. The net cost of the new machine is $51,000 The annual cash flows have the following projections (Use a Financial calculator to arrive at the answers.) Year 1 2 Cash Flow $20,000 23,000 27,00 13,000 8,000 4 5 a. If the cost of capital is 12 percent, what is the NPV? (Round the final answer to the nearest whole dollar) NPV $ b. What is the IRR? (Round the final answer to 2 decimal places.) IRR c. Should the project be accepted? Yes NO

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