Spotify,Inc.is considering a five-year project that has an initial outlay or cost of $22,000.The future cash inflows from its project for years 1,2,3,4 and 5 are $15,000,$15,000,$15,000,$15,000 and -$41,000,respectively.Compute both IRRs.Given these IRRs,compute the two NPVs.If Spotify's true cost of borrowing for this project is 10%,would Spotify choose the project?
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