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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 $69.000. The annual cash flows have the following projections. (Use a Financial calculator to arrive at the answers.) Year 1 Cash Flow $28,000 32.000 34,000 20,000 17,000 3 4 5 a. If the cost of capital is 11 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? O Yes

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