Calculate the IRR and use it to determine the maximum deviation allowable in the cost of capital estimate to leave the decision unchanged.

FastTrack Bikes, Inc. is thinking of developing a new composite road bike. Development will take six years and the cost is $212,000 per year. Once in production, the bike is expected to make $299,283 per year for 10 years. The cash inflows begin at the end of year7 For parts a-c, assume the cost of capital is 95%. FastTrack Bikes, Inc. is thinking of developing a new composite road bike. Development will take six years and the cost is $212,000 per year. Once in production, the bike is expected to make $299,283 per year for 10 years. The cash inflows begin at the end of year7 For parts a-c, assume the cost of capital is 95%