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value 4.00 points Butler International Limited is evaluating a project in Erewhon. The project will...

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Accounting

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value 4.00 points Butler International Limited is evaluating a project in Erewhon. The project will create the following cash flows Year Cash Flow 0 -$1,300,000 475,000 540,000 435,000 390,000 2 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 3 percent. If the company uses a required return of 13 percent on this project, what are the NPV and IRR of the project? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your final answers to 2 decimal places, e.g., 32.16. Enter your IRR answer as a percent.) NPV IRR

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