1. Your manufacturing firm is considering introducing a new product. The product would cost $7,200,000 to develop (that is, cash outflow now, year 0), revenues for the first year are estimated to be $6,400,000, will grow to $12 million the second year, and then decrease by 40% per year for 3 years. Revenue will be zero afterwards. In years 1 through 5, fixed costs for the product of $800,000 per year and variable costs are 50% of revenue. Table the cash flows for the project for years 0 through 5. b. Plot the NPV using discount rates from 0% to 40% by increments of 5%. Compute the project's IRR. a. c