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Anderson International Limited is evaluating a project in Erewhon. The project will create the following...

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Anderson International Limited is evaluating a project in Erewhon. The project will create the following cash flows: -$690,000 243,000 175,000 256,000 231.000 0 2 3 4 All cash flows will occur in Erewhon and are expressed in dollars. In an attempt to improve its economy, the Erewhonian government has declared that all cash flows created by a foreign company are blocked' and must be reinvested with the government for one year. The reinvestment rate for these funds is 4 percent. Assume Anderson uses a required return of 10 percent on this project Requirement 1: What is the NPV of the project? IDo not round intermediate calculations. Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places (e g., 32.16)) Net present value Requirement 2: What is the IRR of the project? (Do not round intermediate caloulations. Ehter your answer as a percentage rounded to 2 decimal places le.g.. 32.16)) Internalrate of return

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