29. Merck, Incorporated is working on a new vaccine to protect from Covid-19. Merck will spend $42,000,000 today to develop this vaccine. If the vaccine provides $8,000,000 in positive cash flows every year for 15 years, what is the IRR of this project?

17.31%

18.09%

19.05%

35.00%

28.57%

30. Merck, Incorporated is working on a new vaccine to protect from Covid-19. Merck will spend $42,000,000 today to develop this vaccine. If the vaccine provides $8,000,000 in positive cash flows every year for 15 years and Merck has a WACC of 12%, what is the NPV of this project?

$12.49M

$78.00M

$1.17M

$54.49M

$120.00M