Question: MagicCity is considering the purchase of new equipment that will cost $ 0 . 9 9 5 million if purchased today and will generate the

MagicCity is considering the purchase of new equipment that will cost $0.995 million if purchased today and will generate the following cash inflows and outflows: (see the table below):
The cost of capital is 9.00% annually. Reinvestment rate is 4.50%.
Questions: Calculate NPV, IRR, MIRR, BCR, and Payback of the project. Should MagicCity pursue this investment? Why? Please provide a short written response addressing all 5 indices and justifying your decision.

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