3. Consider the following project: Time 0 1 2 Cash flow ($) -580 1,330 -760 (a) Find the internal rate(s) of return (IRR) for this project. [3 marks] (b) The company can reinvest its proceeds at a rate of 25% and borrow cash at a rate of 10%. Its cost of capital is also 25%. Use two investment criteria (other than the IRR in part (a)) to decide whether the company should invest in this project. Show your calculations. [4 marks] (c) The company's management thinks that the implementation of this project will likely boost sales in another existing business line. Will this piece of information potentially change your decision in part (b)? Explain briefly. [2 marks] [Total: 9 marks] 3. Consider the following project: Time 0 1 2 Cash flow ($) -580 1,330 -760 (a) Find the internal rate(s) of return (IRR) for this project. [3 marks] (b) The company can reinvest its proceeds at a rate of 25% and borrow cash at a rate of 10%. Its cost of capital is also 25%. Use two investment criteria (other than the IRR in part (a)) to decide whether the company should invest in this project. Show your calculations. [4 marks] (c) The company's management thinks that the implementation of this project will likely boost sales in another existing business line. Will this piece of information potentially change your decision in part (b)? Explain briefly. [2 marks] [Total: 9 marks]