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The financial manager is evaluating a proposal for a new project with the follow...

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The financial manager is evaluating a proposal for a new project with the following cash flows: 

 YEAR              NET CASH FLOWS

 0                    -R 3 000 000

 1                      R    650 000

 2                      R    950 000

 3                      R    500 000

The cost of capital is 11%.

The NPV is ... and the IRR is ...
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