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?Benson Designs has prepared the following estimates for a?long-term project it is considering. The initial investment is?$44,850?, and the project is expected to yield? after-tax cashinflows of ?$9,000 per year for 8 years. The firm has a cost ofcapital of 11?%.a.??Determine the net present value? (NPV) for the project.b.??Determine the internal rate of return? (IRR) for theproject.c.??Would you recommend that the firm accept or reject the?project?
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