A waste incinerator plant produces 285 MW of electricity by burning municipal household waste. The plant required a capital investment of RM570 million, which spreads evenly over two years. The operating life of the plant is expected to be 20 years and the plant will operate at full capacity 75% of the time. The MARR is 6% per year. a)If the plant will make a profit of three cents per kilo watt hour of the electricity sold to the power grid, what is the simple payback period of the plant? Is this a low risk venture? b)What is the IRR for the plant? Is it profitable?