Buckner Company is considering two capital investments. Both investments have an initial cost of $5,000,000 and total net cash inflows of $8,000,000 over 10 years. Buckner requires a 10% rate of return on this type of investment. Expected net cash inflows are as follows: (Click the icon to view the expected net cash inflows.) Read the requirements. Requirement 1. Use Excel to compute the NPV and IRR of the two plans. Which plan, if any, should the company pursue? (Use parentheses or a minus sign for a negative NPV. Round the NPV calculations to the nearest whole dollar and the IRR calculations to two decimal places, X.XX%.) The NPV (net present value) of Plan Alpha is $ (84,346) Data table Requirements The NPV (net present value) of Plan Beta is $ 230,895 Year Plan Alpha Plan Beta The IRR (internal rate of return) of Plan Alpha is %. Year 1 $ Year 2 800,000 $ 800,000 The IRR (internal rate of return) of Plan Beta is %. Year 3 800,000 800,000 1,100,000 1,400,000 1. Use Excel to compute the NPV and IRR of the two plans. Which plan, if any, should the company pursue? Year 4 800,000 Year 5 800,000 1,100,000 800,000 2. Explain the relationship between NPV and IRR. Based on this relationship and the company's required rate of return, are your answers as expected in Requirement 1? Why or why not? 3. After further negotiating, the company can now invest with an initial cost of $4,800,000 for both plans. Recalculate the NPV and IRR. Which plan, if any, should the company pursue? Year 6 800,000 600,000 Year 7 800,000 500,000 Year 8 800,000 400,000 Print Done Year 9 800,000 300,000 800,000 1,000,000 Year 10 $ 8,000,000 $ 8,000,000 Total