The Walker Landscaping Company can purchase a piece of equipment for £3,600.The asset has a two-year life, will produce a cash ﬂow of £600 in the ﬁrst year and £4,200 in the second year.The interest rate is 15%.Calculate the project's payback assuming steady cash ﬂows.Also calculate the project's IRR.Should the project be taken? Check your answer by computing the project's NPV.

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The Answer of The Walker Landscaping Company can purchase a piece of equipment for £3,600.The asset has a two-year life, will produce a cash ﬂow of £600 in the ﬁrst year and £4,200 in the second year.The interest rate is 15%.Calculate the project's payback assuming steady cash ﬂows.Also calculate the project's IRR.Should the project be taken? Check your answer by computing the project's NPV.

The Walker Landscaping Company Can Purchase a Piece of Equipment