ANSWER THIS ASAP TO RATE HIGH!

1. You are the project manager and are asked to evaluate the following expansion proposal for an existing production line. The expansion is planned with a capital investment of $240,000.00 att 0. This production facility will be obsolete after 5 years due to the introduction of an improved system. The after-tax net cash flow benefits for the five years of increased production are. 5 points Year 1 ----+$55,000.00 Year 2 --- +$70,000.00 Year 3 -- +$100,000.00 Year 4 --- +$120,000.00 Year 5 --- +$135,000.00 Your management requires at least a 15% CFRR on incremental cash investments. Does this improvement meet or exceed that hurdle (MARR) rate? Show your work and explain your answer. Using either the trial and error method or the excel function, find the IRR. 3 Points