Patterson co is considering a project that has the, Financial Management

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Patterson co is considering a project that has the

Patterson Co. is considering a project that has the following cash flows. It’s WACC is 10%. Year 0, 1, 2, and 3 Cash flows are $950, $500, $400, and $300, respectively.

1. What is the project’s payback period?

2. What is the project’s IRR?

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