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You are to present a proposed capital investment project to your board of directors. The project has a NPV of $12,000 and an IRR of

You are to present a proposed capital investment project to your board of directors. The project has a NPV of $12,000 and an IRR of 12%. The firms required return is 10%. You are to communicate your proposal to the board in a single paragraph memo. Write this paragraph here. Remember, your job is to recommend to the board whether to accept or reject this project.

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