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You are evaluating a new project that requires an initial investment of $85,000. The project's expected cash flows over the next 5 years are $12,000,
You are evaluating a new project that requires an initial investment of $85,000. The project's expected cash flows over the next 5 years are $12,000, $15,000, $18,000, $22,000, and $25,000 respectively. Calculate the Net Present Value (NPV) of these cash flows if the discount rate is 10%. Additionally, determine the Internal Rate of Return (IRR) for this project.
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