A project requires an initial investment of $70.97 million to buy new equipment, and will provide after-tax cash flows of $27 million per year for 4 years. IB Attempt 1/8 for 10 pts. Part 1 What is the project's internal rate of return? 3+ decimals Submit A project requires an initial investment of $60 million and will then generate the same cash flow every year for 10 years. The project has an internal rate of return of 16% and a cost of capital of 10%. Attempt 1/8 for 10 pts. Part 1 What is the project's NPV (in $ million)? 1+ decimals Submit