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Evaluate the following projects described in the two problems below to determine if the projects are...

Evaluate the following projects described in the two problems below to determine if the projects are acceptable investments for the firms. Calculate NPV, IRR, MIRR, Traditional Payback (TPB) and Discounted Payback (DPB) and give your answer as acceptable or not acceptable according to each evaluation tool.

9-2. Zebra Fashions is evaluating a capital budgeting project that should generate $94,800 per year for four years. The initial cost is $245,000. a. If its required rate of return is 15%, should Zebra invest in the project? b. If Leopard evaluates the same project with its required rate of return of 11%, should Leopard invest in the project?

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