Blackmore Health System is considering a new orthopedic center. The building and equipment for the new center will cost $$7,500,000.$ The new orthopedic center expects to generate net operating cash flows of $$500,000,$ $$1\mathrm{.}5$ million, $ $3$ million, $$4\mathrm{.}5$ million and $$5\mathrm{.}5$ million over the next five years. The cost of capital is $3\%.$ Use the NPV and IRR approaches to determine if this project should be undertaken. Show your work without excel