7. OpenSeas, Inc. is evaluating the purchase of a new cruise ship. The ship would cost $500 ml lion, and would operate for 20 years. OpenSeas expects annual cash flows from operating the ship to be $70 million (at the end of each year) and its cost of capital is 12%. a. Prepare an NPV profile of the purchase. b. Estimate the IRR (to the nearest 1%) from the graph. c. Is the purchase attractive based on these estimates? d. How far off could OpenSeas' cost of capital be (to thenat 1)hrfo ur p rchase