4. A new sprinkler system for the production facility at Carson Carpet Company (C^3) will cost $400,000. This project will generate the following year-end, after-tax, net cash flows: Year 1 = $225,000 Year 2 = $200,000 Year 3 = -$50,000 Year 4 = $100,000 (note: the Year 3 CF is negative) a. If the discount rate is 7% what is the Net Present Value (NPV) of the project? (2.5 points) Does the NPV indicate that this project is acceptable? (half-point) b. Based on your answer is part a, is the "true" Internal Rate of Return (IRR) of this project greater than or less than 7%? (half-point, no calculations needed)