Question

Q-3 (a) Define NPV and IRR
(b) A business requires initial investment of $390,000 with initial working capital of
$9000. Salvage value of old machine is 19900. Annual cash flow up to four year are
$72000 and $ 63000 in fifth year. Cash Savings up to five years are $28000.
Compute NPV and IRR at 8%.
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Answer 1

Answer:

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