A company is considering entering into a joint venture that


A company is considering entering into a joint venture that will require an investment of $10 million. The project is expected to generate cash flows of $4 million, $3 million, and $4 million in each of the next three years, respectively. Assuming a discount rate of 10%, what are the project's NPV and IRR, respectively?

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Financial Management: A company is considering entering into a joint venture that
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