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Webster's wants to introduce a new product that has a start-up cost of $7,800. The product has a 3- year life and will provide cash

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Webster's wants to introduce a new product that has a start-up cost of $7,800. The product has a 3- year life and will provide cash flows of $4,300 in Year 1 and $6,700 in Year 2 and $0 in year 3. The required rate of return is 14 percent. Should the product be introduced? Why or why not? Yes; the NPV is $1,127.36 No; the IRR is 12.94 percent. Yes; the IRR is 22.97 percent. Yes; the IRR is 28.72 percent. O Yes; the NPV is $1,409.27

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