Harry Corp buys equipment for $222,474 that will last for 10 years. The equipment will generate net cash flows

of $41,000 per year and will have no salvage value at the end of its life. Ignore taxes. Use a 12% required rate of return.

(a) What is the Net Present Value (NPV) of this investment?

(b) What is the Internal Rate of Return (IRR) of this investment? 

(c) What is the payback period?

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