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?(Payback ?period, NPV,? PI, and IRR calculations?) You areconsidering a project with an initial cash outlay of ?$80,000 andexpected free cash flows of ?$24,000 at the end of each year for 7years. The required rate of return for this project is 6percent.a. What is the? project's payback? period?3.33 yearsb. What is the? project's NPV??____c. What is the? project's PI??_____d. What is the? project's IRR??_____
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