CAPITAL BUDGETING CRITERIA: ETHICAL CONSIDERATIONS An electric utility is considering a new power plant in northern Arizona Power from the plant would be sold in the Phoenix area where it is bdly needed. Because the firm has received permit, the plant would be legal; but it would cause some alr pollution. The company could spend an additional $40 million at Year 0 to mitigate the environmental problem, but It would nat be required to do so. The plant without mitigation would cost $210.64 million, and the expected cash inflows would be $70 million per year for 5 years. If the firm does invest in mitigation, the annual inflows would be $76.12 million. Unemployment in the area where the plant would be built is high, and the plant would provide about 350 good jobs. The risk adjusted WACC Is 189%. a. Calculate the NPV and IRR with mitigation. Round your ansiwers to two decimal places. Enter your answer for NPV in millions. Do not round your intermediate calculations. For example, an answer of $10.550,000 should be entered as 10.55. Negative value should be Indicated by a minus sign. NPV $ 39.53million and n mil ons should be entered Ca cu ate he N as 10.55. without mrti ation. Round your answers to two decima p aces. Enter our answer or NP Do not round our nber mediate calculations. For example, an answer o sso ou NPV S million