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Check my work mode : This shows what is correct or incorrect for the work...

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Accounting

Check my work mode : This shows what is correct or incorrect for the work yo
Growth Enterprises believes its latest project, which will cost $80,000 to install, will generate a perpetual growing stream of cash flows. Cash flow at the end of the first year will be $6,000, and cash flows in future years are expected to grow indefinitely at an annual rate of 5%.
a. If the discount rate for this project is 10%, what is the project NPV?
Note: Do not round intermediate calculations.
Answer is complete and correct.
\table[[NPV,$,40,000]]
b. What is the project IRR?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
Answer is complete but not entirely correct.
\table[[IRR,0.00ox,%
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