Question: Use the following information to answer the next two problems. You are considering investing in a start-up project at a cost today of $112,000. You

 Use the following information to answer the next two problems. You

Use the following information to answer the next two problems. You are considering investing in a start-up project at a cost today of $112,000. You expect the project to return $440,000 to you in seven years from today (i.e., you can sell the project for $440,000 ). Given the risk of this project, your cost of capital is 18.00% per year, compounded annually. 9. [Ch 9] What is the NPV of this project? (to nearest $1 ) 10. [Ch 9] What is the IRR of this project? (to nearest 0.00016 )

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