Question: Question 2 2 pt Fred and Barney are considering buying a new steam shovel for their quarry business. The initial cost is $156,500. The steam

 Question 2 2 pt Fred and Barney are considering buying a

Question 2 2 pt Fred and Barney are considering buying a new steam shovel for their quarry business. The initial cost is $156,500. The steam shovel will not produce any cash flows the first year. Starting in Year 2, the steam shovel will produce cash inflows of $74,000 a year for two years, and starting in Year 4 the steam shovel will produce cash inflows of $96,000 for two years. This project is risky, so the firm has assigned it a discount rate of 14.6 percent. The project's NPV is Select ] the IRR is [Select M. and the Payback is [Select]

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