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Using a discount rate of 6%, determine the NPV, the payback time, and the IRR. Year Projected Cash Flows($) Cost -$405,000 1 174,000 2 128,000

Using a discount rate of 6%, determine the NPV, the payback time, and the IRR.

Year Projected Cash Flows($)

Cost -$405,000

1 174,000

2 128,000

3 110,000

4 102,000

Salvage 50,000

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