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Truman Industries, Inc. (TI) is considering a capital budgeting project. The appropriate discount rate for this project is 6%. The initial cost of the project

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Truman Industries, Inc. (TI) is considering a capital budgeting project. The appropriate discount rate for this project is 6%. The initial cost of the project will be $510,000. The project is expected to produce positive after tax cash flows of $145,000 per year for the next 4 years. Winding up of the project will produce an additional after tax positive cash flow of $200,000 in the fourth year. What are the NPV, IRR and payback for the project? Should this project be accepted? Why or why not

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