NPV and IRRBenson Designs has prepared the following estimates for a long-term project it is...
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Accounting
NPV and IRRBenson Designs has prepared the following estimates for a long-term project it is considering. The initial investment is $23,660, and the project is expected to yield after-tax cash inflows of $6,000 per year for 6 years. The firm has a cost of capital of 14%.
a.The NPV of the project is $(Round to the nearest cent.)
b. The IRR of the project is %. (Round to two decimal places.)
c.Would you recommend that the firm accept the project? Yes or No?
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