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The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M. Deep, busines5 is looking up. As a result,

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The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M. Deep, busines5 is "looking up." As a result, the cemetory project witl provide a not cash inffow of $113,000 for the firm during the first year, and the cash flows are projected to grow at a rate of 5.6 percent per year forever. The project requires an initial imvestment of $1,360.000. a. If the company requires a return of 14 percent on such undertakings, what is the NPV of the project? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.r.32.16. b. The company is somowhat unsure about the assumption of o growth rate of 5.6 percent in its cash flows. At what constant growth rate would the company just break even if it still required a return of 14 percent on its investment? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal place5, e.9., 32.16

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