3) A regional hospital is considering whether or not to build on additional operating rooms. The current option being considered would require an investment of $1,000,000. It would then have an annual cost of $750,000 per year and bring in revenues of $950,000 per year. Both cost and revenue estimates are for the next ten years. a. (12 points) Calculate the simple period payback for this investment b. (12 points) Calculate the Internal Rate of Return (IRR) for this investment. Use 15% and 18% as your first and second guesses when calculating IRR